Guideline Value for METTU COLONY ANNA STREET

Mettu Colony Anna Street guideline value

The current guideline value of Mettu Colony Anna Street is Rs 3,300 per sq.ft. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mettu Colony Anna Street has changed

The guideline value for Mettu Colony Anna Street has undergone several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2017 to 2024 is a significant 64%. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Mettu Colony Anna Street's 2024 figure above that median.

• Mettu Colony: Rs 1,980 per sq.ft (2024)
• Mettu Colony Link Road: Rs 1,980 per sq.ft (2024)
• Meganthi Brothers Main Salai: Rs 1,650 per sq.ft (2024)
• Meganthi Brothers Left Cross Street: Rs 1,650 per sq.ft (2024)
• M.G.R. Nagar: Rs 2,200 per sq.ft (2024)
• M.G.R. Nagar Chembar Road To M.G.R. Nagar Link Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Colony Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mettu Colony Anna Street?

The Sub Registrar Office that covers Mettu Colony Anna Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mettu Colony Anna Street?

The current guideline value of Mettu Colony Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Mettu Colony Anna Street?

The land classification for Mettu Colony Anna Street is Residential Class I Type - I.

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

The Sub Registrar Office for Mettu Colony Anna Street is located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in total fees of Rs 2,97,000.