Guideline Value for GANDHI SALAI (A) METTU STREET

Gandhi Salai (A) Mettu Street guideline value

The current guideline value of Gandhi Salai (A) Mettu Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO, with a land classification of Mixed Special Type - II.

How the guideline value of Gandhi Salai (A) Mettu Street has changed

Over the years, the guideline value for Gandhi Salai (A) Mettu Street has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,680 per sq.ft. The 2023 revision increased the value to Rs 4,000 per sq.ft, and the latest 2024 revision raised it further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 49% between 2017 and 2023 and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Gandhi Salai (A) Mettu Street above this median.

• Gandhi Salai: Rs 4,400 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 4,400 per sq.ft (2024)
• GANGAIAMMAN KOIL STREET (Malai Road): Rs 4,400 per sq.ft (2024)
• Garden City: Rs 2,200 per sq.ft (2024)
• Garden City Elite: Rs 2,200 per sq.ft (2024)
• Easwaran Koil Ward No -4: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Salai (A) Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Salai (A) Mettu Street?

The Sub Registrar Office that covers Gandhi Salai (A) Mettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chengalpattu Natham, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions, helping to maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Gandhi Salai (A) Mettu Street?

The current guideline value of Gandhi Salai (A) Mettu Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,680 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What are the registration fees for property on Gandhi Salai (A) Mettu Street?

The registration fees for property on Gandhi Salai (A) Mettu Street include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles registrations for Gandhi Salai (A) Mettu Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Gandhi Salai (A) Mettu Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Gandhi Salai (A) Mettu Street?

The land classification for Gandhi Salai (A) Mettu Street is Mixed Special Type - II, indicating the type of development and usage permitted in the area.