Guideline Value for METRO CITY

Metro City guideline value

The current guideline value for Metro City, located in Nelllikuppam village under the Thiruporur SRO, is Rs 804 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Metro City has changed

In the 2023 revision, the guideline value was Rs 804 per sq.ft, which remained unchanged in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the guideline value has seen no change from 2023 to 2024, with a consistent rate of Rs 804 per sq.ft over these two revisions.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO, with guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value in the village is Rs 1,000 per sq.ft, placing the 2024 figure for Metro City below this median.

• New Chenai City Phase IV Annex: Rs 500 per sq.ft (2024)
• New Chennai City: Rs 500 per sq.ft (2024)
• New Chennai City Annex: Rs 500 per sq.ft (2024)
• New Chennai City Annex I: Rs 500 per sq.ft (2024)
• New Chennai City Phase -1: Rs 500 per sq.ft (2024)
• New Chennai City Phase II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Metro City

For a 1,000 sq.ft plot at the current rate of Rs 804 per sq.ft, the guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, totaling Rs 72,360. 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 further calculations.

Which Sub Registrar Office covers Metro City?

The Sub Registrar Office covering Metro City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Nelllikuppam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark for calculating these fees, ensuring that the transaction adheres to the regulatory framework established by the Registration Department.

Frequently asked questions

What is the current guideline value for Metro City?

The current guideline value for Metro City is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 804 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Metro City?

The land classification for Metro City is Mixed Special Type - II, indicating the type of development permissible in the area.

What are the stamp duty and registration fee for a property in Metro City?

For a property valued at Rs 8,04,000, the stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, totaling Rs 72,360.

Which office handles property registrations for Metro City?

The Thiruporur Sub Registrar Office is responsible for property registrations in Metro City, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.