Guideline Value for METTU STREET

Mettu Street guideline value

The current guideline value of Mettu Street in SingaperumalKoil village is Rs 800 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has undergone several revisions over the years. The 2007 revision set the value at Rs 154 per sq.ft, which saw a significant increase to Rs 800 per sq.ft in the 2012 revision, marking a rise of 419%. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 536 per sq.ft. The 2023 revision maintained the value at Rs 800 per sq.ft, and the 2024 revision also kept it at Rs 800 per sq.ft, indicating no change between these two years.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 419%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Mettu Street's 2024 figure below that median.

• M.G.R. Street: Rs 1,100 per sq.ft (2024)
• Mandapam Street: Rs 1,100 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)
• Nathgee Nagar: Rs 1,500 per sq.ft (2024)
• Netaji Street (Anumandhapuram Salai) - East Side To G.S.T: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in SingaperumalKoil. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are paid. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Mettu Street?

The current guideline value for Mettu Street is Rs 800 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Mettu Street has seen various changes, with the most notable increase from Rs 154 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, and it has remained at Rs 800 per sq.ft since the 2023 revision.

What is the median guideline value for streets in SingaperumalKoil?

The median guideline value for streets in SingaperumalKoil is Rs 1,100 per sq.ft, which is higher than the current guideline value of Mettu Street.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which includes a stamp duty of 7% and a registration fee of 2% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mettu Street?

The Sub Registrar Office for Mettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.