Guideline Value for Kalathu Mettu 3rd Cross Street

Kalathu Mettu 3rd Cross Street guideline value

The current guideline value of Kalathu Mettu 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Kalathu Mettu 3rd Cross Street has changed

The guideline value for Kalathu Mettu 3rd Cross Street has seen several revisions over the years. In 2002, the value was Rs 320 per sq.ft, which increased to Rs 600 per sq.ft in 2003, marking an increase of 88%. The value further rose to Rs 1,250 per sq.ft in 2007, reflecting a significant increase of 108%. In 2012, the value was Rs 2,000 per sq.ft, which represented a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 1,340 per sq.ft, which was an increase of 49% from 2012. The most recent revision in 2023 raised the value to Rs 2,000 per sq.ft, followed by the current value of Rs 2,200 per sq.ft in 2024, showing a 10% increase.

There are no figures available for the revisions in the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by 588%.

Guideline values in Kottivakkam

In Kottivakkam village, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which means that the guideline value for Kalathu Mettu 3rd Cross Street is below this median.

• Kalathu Mettu 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 1st Cross Lane: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 6th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalathu Mettu 3rd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalathu Mettu 3rd Cross Street?

The Sub Registrar Office that covers Kalathu Mettu 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty. This ensures that the transaction is recorded fairly and that all necessary fees are accurately assessed based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kalathu Mettu 3rd Cross Street?

The current guideline value of Kalathu Mettu 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 588%.

What is the median guideline value in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, which is above the current value of Kalathu Mettu 3rd Cross Street.

What are the stamp duty and registration fees for properties in Kalathu Mettu 3rd Cross Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Kalathu Mettu 3rd Cross Street?

The Adayar Sub Registrar Office handles the registration for Kalathu Mettu 3rd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.