Guideline Value for KALATHU METTU ST

Kalathu Mettu St guideline value

The current guideline value of Kalathu Mettu St in Mitnamalle village, under the Avadi SRO, is Rs 802 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kalathu Mettu St has changed

The guideline value for Kalathu Mettu St has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. However, in the 2023 revision, the value increased significantly to Rs 600 per sq.ft, followed by a further increase to Rs 802 per sq.ft in the 2024 revision, marking a 34% rise from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 34% increase. It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,550 per sq.ft, with the median value being Rs 802 per sq.ft. Kalathu Mettu St's 2024 guideline value aligns with this median.

• Kambar St: Rs 804 per sq.ft (2024)
• Karpagambal St: Rs 804 per sq.ft (2024)
• High School St: Rs 804 per sq.ft (2024)
• Hava Nagar: Rs 802 per sq.ft (2024)
• Happy Garden: Rs 802 per sq.ft (2024)
• Guru Duwara St: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Kalathu Mettu St

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, totaling Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalathu Mettu St?

The Sub Registrar Office that covers Kalathu Mettu St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mitnamalle. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalathu Mettu St?

The current guideline value of Kalathu Mettu St is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: Rs 600 per sq.ft in 2012, Rs 402 per sq.ft in 2017, Rs 600 per sq.ft in 2023, and finally Rs 802 per sq.ft in 2024.

What is the land classification for Kalathu Mettu St?

The land classification for Kalathu Mettu St is Residential Class II Type - I.

Where is the Sub Registrar Office for Kalathu Mettu St?

The Sub Registrar Office for Kalathu Mettu St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Kalathu Mettu St?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot at Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000, resulting in a stamp duty of Rs 56,140.