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Guideline Value

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Guideline Value for Chinna Mettu Palayam (Corner Plots)

₹3800/sq.ft.

The guideline value for Chinna Mettu Palayam (corner Plots) in Satthankadu village (Thiruvottiyur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Satthankadu

Village

Thiruvottiyur

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chinna Mettu Palayam (corner Plots)

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Chinna Mettu Palayam (Corner Plots) guideline value

The current guideline value for Chinna Mettu Palayam (Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Satthankadu village under the Thiruvottiyur SRO, and is classified as Commercial Special Type - I.

How the guideline value of Chinna Mettu Palayam (Corner Plots) has changed

The guideline value for Chinna Mettu Palayam has seen several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, there was a decrease to Rs 2,345 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 3,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 3,800 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the value increased by 218% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 represents a 9% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 245%.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, making the guideline value for Chinna Mettu Palayam (Corner Plots) above this median.

Stamp duty and registration fee for property in Chinna Mettu Palayam (Corner Plots)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Mettu Palayam (Corner Plots)?

The Chinna Mettu Palayam (Corner Plots) falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Satthankadu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transfer of ownership. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Chinna Mettu Palayam (Corner Plots)?

The current guideline value for Chinna Mettu Palayam (Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,100 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024. There have been various increases and one decrease in the intervening years.

Which Sub Registrar Office covers Chinna Mettu Palayam?

The Thiruvottiyur Sub Registrar Office covers Chinna Mettu Palayam, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees. It is essential for both buyers and sellers to consider this value during property transactions.