Guideline Value for METHA AVENUE

Metha Avenue guideline value

The current guideline value of Metha Avenue is Rs 2,389 per sq.ft, as per the 2023 revision. This street is located in Thaiyur-A village and falls under the Thiruporur SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Metha Avenue has changed

The guideline value for Metha Avenue has seen a significant increase from the 2017 revision, where it was Rs 1,600 per sq.ft. The latest revision in 2023 shows a guideline value of Rs 2,389 per sq.ft, marking a change of +49% over the six-year period.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions that provide a guideline value are from 2017 and 2023.

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Metha Avenue is one of the streets in this area, but no other streets in Thaiyur-A are provided with guideline values.

Stamp duty and registration fee for property in Metha Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,389 per sq.ft, the guideline value amounts to Rs 23,89,000. The stamp duty at 7% would be Rs 1,67,230, and the registration fee at 2% would be Rs 47,780, bringing the total to Rs 2,15,010. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Avenue?

The Sub Registrar Office that covers Metha Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO here.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor in property transactions in Thaiyur-A. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value ensures that the transaction is recorded at a fair value set by the government.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Metha Avenue?

The current guideline value of Metha Avenue is Rs 2,389 per sq.ft, based on the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,600 per sq.ft to Rs 2,389 per sq.ft, which is a change of +49%.

Are there any guideline values for Metha Avenue in previous years?

The register does not provide figures for the revisions in 2024, 2012, 2007, 2003, and 2002 for Metha Avenue. The only available figures are from 2017 and 2023.

What are the stamp duty and registration fees for a property in Metha Avenue?

For a property valued at Rs 23,89,000, the stamp duty would be Rs 1,67,230 and the registration fee would be Rs 47,780, totaling Rs 2,15,010.

Which office handles property registrations for Metha Avenue?

The Thiruporur Sub Registrar Office handles property registrations for Metha Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.