Guideline Value for Kalathu Mettu 6th Cross Street

Kalathu Mettu 6th Cross Street guideline value

The current guideline value of Kalathu Mettu 6th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kalathu Mettu 6th Cross Street has changed

The guideline value for Kalathu Mettu 6th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 2,000 per sq.ft. This figure then decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which means that the 2024 figure for Kalathu Mettu 6th Cross Street is below the median.

• Kalathu Mettu 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalathu Mettu Street (Main Road): Rs 3,300 per sq.ft (2024)
• Kalathu Mettu 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalathu Mettu 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total cost of Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalathu Mettu 6th Cross Street?

The Sub Registrar Office that covers Kalathu Mettu 6th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Kottivakkam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will charge the stamp duty based on the higher value between the guideline value and the sale price. Therefore, it is essential for buyers to understand the current guideline value to accurately estimate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Kalathu Mettu 6th Cross Street?

The current guideline value of Kalathu Mettu 6th 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kalathu Mettu 6th Cross Street?

The land classification for Kalathu Mettu 6th Cross Street is Residential Class IV Type - II.

Which Sub Registrar Office covers this street?

The Adayar Sub Registrar Office covers Kalathu Mettu 6th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How do I calculate stamp duty for a property in Kalathu Mettu 6th Cross Street?

To calculate stamp duty, you need to consider the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 at 7%.