Guideline Value for Kangaiamman Street

Kangaiamman Street guideline value

The current guideline value of Kangaiamman Street in Mettupalayam village is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kangaiamman Street has changed

The guideline value for Kangaiamman Street has seen several revisions over the years. The earliest recorded value was Rs 180 per sq.ft in 2012, which then decreased to Rs 121 per sq.ft in 2017, marking a 33% decline. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft, with a median value of Rs 181 per sq.ft. Kangaiamman Street's 2024 figure aligns with this median.

• Jayalakshmi Nagar: Rs 200 per sq.ft (2024)
• Manthaivelli Amman Theru: Rs 181 per sq.ft (2024)
• Manthaivelli Street: Rs 181 per sq.ft (2024)
• Gayathri Nagar: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 181 per sq.ft (2024)
• Mettu Theru: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Kangaiamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, leading to a total cost of Rs 16,290. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kangaiamman Street?

The Sub Registrar Office that covers Kangaiamman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling properties in Mettupalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

When a property is registered, the guideline value is used to determine the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which is an essential consideration during the transaction process.

Frequently asked questions

What is the current guideline value of Kangaiamman Street?

The current guideline value of Kangaiamman Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kangaiamman Street has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and remained the same in 2024.

What is the registration office for Kangaiamman Street?

The registration office covering Kangaiamman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mettupalayam?

Stamp duty for properties in Mettupalayam is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 181 per sq.ft, the stamp duty would be Rs 12,670.

What are the other streets in Mettupalayam with guideline values?

Other streets in Mettupalayam include Jayalakshmi Nagar at Rs 200 per sq.ft, Manthaivelli Amman Theru at Rs 181 per sq.ft, and Gandhi Nagar at Rs 181 per sq.ft, among others.