Guideline Value for Aannaipallam Mettu Street

Aannaipallam Mettu Street guideline value

The current guideline value of Aannaipallam Mettu Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Aannaipallam Mettu Street has changed

Over the years, the guideline value for Aannaipallam Mettu Street has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 300 per sq.ft in the 2012 revision. This value remained unchanged until the 2017 revision, where it rose to Rs 201 per sq.ft, marking a significant increase of 49% from the previous figure. The guideline value then returned to Rs 300 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing no change.

It is important to note that there are no figures available for the years 2003 and 2002 in the register for this street. The fluctuations in the guideline value reflect the adjustments made by the authorities over time, based on various factors.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, which indicates that Aannaipallam Mettu Street's 2024 figure is below this median.

• AannaiPAllam Road Street: Rs 300 per sq.ft (2024)
• Aanaipallam yadhaval street: Rs 300 per sq.ft (2024)
• Aanaipallam Kudumi Street: Rs 300 per sq.ft (2024)
• Aanaikkatti Street: Rs 900 per sq.ft (2024)
• Anandhaiyangar Street: Rs 1,200 per sq.ft (2024)
• Annai Senghazahi Panchalai Amman Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Aannaipallam Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty, charged at 7%, would amount to Rs 21,000, and the registration fee, charged at 2%, would be Rs 6,000. Together, these fees would total Rs 27,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aannaipallam Mettu Street?

The Aannaipallam Mettu Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthiramerur

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value set by the authorities.

When a property transaction occurs, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Aannaipallam Mettu Street?

The current guideline value of Aannaipallam Mettu Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision showing no change from Rs 300 per sq.ft in both 2023 and 2024. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 27,000.

Which office handles property registrations for Aannaipallam Mettu Street?

The Uthiramerur Sub Registrar Office handles property registrations for Aannaipallam Mettu Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification for Aannaipallam Mettu Street?

Aannaipallam Mettu Street is classified as Residential Class IV Type - II, indicating its designation for residential purposes within the area.