Guideline Value for METTU ST KANNIGAPURAM

Mettu St Kannigapuram guideline value

The current guideline value of Mettu St Kannigapuram is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mettu St Kannigapuram has changed

The guideline value for Mettu St Kannigapuram has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. After that, the value increased to Rs 900 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 950 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The change from 2023 to 2024 is a rise of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in the village is Rs 1,625 per sq.ft, placing Mettu St Kannigapuram's 2024 figure below that median.

• M.E.S.Quarters: Rs 2,050 per sq.ft (2024)
• M.G.R.Nagar Kalathumedu: Rs 801 per sq.ft (2024)
• M.G.R.Nagar Koladi St: Rs 950 per sq.ft (2024)
• MEENAKSHI THEATARE to AVADI BUS STAND: Rs 2,640 per sq.ft (2024)
• M.G.R.Road: Rs 801 per sq.ft (2024)
• Mithila-I: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu St Kannigapuram

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu St Kannigapuram?

The Sub Registrar Office that covers Mettu St Kannigapuram is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the correct amounts are paid based on the property's assessed value.

When buying or selling property, the guideline value helps in determining the legal and financial obligations of both parties. It is essential to refer to the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Mettu St Kannigapuram?

The current guideline value of Mettu St Kannigapuram is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increasing to Rs 900 per sq.ft in 2023, and finally reaching Rs 950 per sq.ft in 2024.

What is the registration fee for property in Mettu St Kannigapuram?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 9,50,000, the registration fee would be Rs 19,000.

Which office handles property registrations in this area?

The Avadi Sub Registrar Office handles property registrations for Mettu St Kannigapuram. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What factors determine the stamp duty in Paruthipattu?

Stamp duty in Paruthipattu is determined based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct amount is paid during the registration process.