Guideline Value for Gundur Mettu Street

Gundur Mettu Street guideline value

The current guideline value of Gundur Mettu Street is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gundur Mettu Street has changed

Over the years, the guideline value of Gundur Mettu Street has seen significant changes. In 2007, the guideline value was Rs 460 per sq.ft, which increased dramatically to Rs 2,250 per sq.ft in 2012, marking a rise of 389%. However, from 2012 to 2017, the value decreased to Rs 1,507 per sq.ft, a decline of 33%. The value then rose again to Rs 2,250 per sq.ft in 2023, reflecting a 49% increase.

The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, which is a 10% increase from the 2023 figure. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, a total of 55 streets under the Chengleput Joint I SRO have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 3,025 per sq.ft. The guideline value of Gundur Mettu Street is below this median.

• Gundur Kutta karai: Rs 2,200 per sq.ft (2024)
• Gundur Parameswarapuram: Rs 2,420 per sq.ft (2024)
• Gundur Colony Road: Rs 2,200 per sq.ft (2024)
• Gundur Colony: Rs 2,200 per sq.ft (2024)
• Gundur Church Road: Rs 2,200 per sq.ft (2024)
• Illuputhopu: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Gundur Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, making the total cost Rs 2,22,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gundur Mettu Street?

The Sub Registrar Office that covers Gundur Mettu Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Chengalpattu Town. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate stamp duty and registration fees. It is crucial for both parties to be aware of this value to avoid any discrepancies or legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Gundur Mettu Street?

The current guideline value of Gundur Mettu Street is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 460 per sq.ft in 2007 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 438% over the years.

What are the other streets with guideline values in Chengalpattu Town?

Other streets in Chengalpattu Town include Gundur Kutta karai at Rs 2,200 per sq.ft, Gundur Parameswarapuram at Rs 2,420 per sq.ft, and Illuputhopu at Rs 3,025 per sq.ft, among others.

How is stamp duty calculated for properties in Gundur Mettu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 24,75,000, the stamp duty at 7% would be Rs 1,73,250.

Where can I find the Sub Registrar Office for Gundur Mettu Street?

The Sub Registrar Office for Gundur Mettu Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.