Guideline Value for METTU STREET (WARD -15)

Mettu Street (Ward -15) guideline value

The current guideline value of Mettu Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Mettu Street (Ward -15) has changed

The guideline value for Mettu Street (Ward -15) has experienced several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value rose significantly to Rs 400 per sq.ft, marking a 49% increase. The most recent revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft, with a median value of Rs 1,100 per sq.ft. Mettu Street (Ward -15) is below this median.

• Mettu Street (Ward -19): Rs 440 per sq.ft (2024)
• Mettu Street (Ward -2): Rs 440 per sq.ft (2024)
• Mgr Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Meenakshi Sundaranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Masthan Sahib Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Maruthupandiya Street (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mettu Street (Ward -15)?

Mettu Street (Ward -15) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This value is established by the government and is updated periodically to reflect changes in the real estate market.

When selling a property, the guideline value serves as a reference point for buyers and sellers alike. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Mettu Street (Ward -15)?

The current guideline value of Mettu Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Mettu Street (Ward -15)?

Mettu Street (Ward -15) is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property in Mettu Street (Ward -15)?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Mettu Street (Ward -15)?

The Chengleput Joint II Sub Registrar Office covers Mettu Street (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.