Guideline Value for METTU STREET (WARD -19)

Mettu Street (Ward -19) guideline value

The current guideline value of Mettu Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Mettu Street (Ward -19) has changed

The guideline value for Mettu Street (Ward -19) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft, which was a decrease of 33% from the 2017 revision figure of Rs 268 per sq.ft. The 2023 revision increased the value to Rs 400 per sq.ft, and the most recent 2024 revision has further increased it to Rs 440 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, indicating that Mettu Street (Ward -19) is below this median value.

• Mettu Street (Ward -15): 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 -19)

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, bringing the total cost for these fees to Rs 39,600. 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 information.

Which Sub Registrar Office covers Mettu Street (Ward -19)?

The Sub Registrar Office that covers Mettu Street (Ward -19) 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 details.

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

The guideline value is a critical factor when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded at a fair value as per government regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. This ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Mettu Street (Ward -19)?

The current guideline value of Mettu Street (Ward -19) 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 440 per sq.ft in 2024. This represents an overall increase of 10% from the 2012 revision to the 2024 revision.

What is the land classification for Mettu Street (Ward -19)?

The land classification for Mettu Street (Ward -19) is Residential Class II Type - II. This classification is important for understanding the types of developments allowed in the area.

What are the stamp duty and registration fees for property in Mettu Street (Ward -19)?

The stamp duty for a property valued at Rs 4,40,000 would be Rs 30,800, while the registration fee would be Rs 8,800. The total fees would amount to Rs 39,600.

Which Sub Registrar Office covers Mettu Street (Ward -19)?

The Chengleput Joint II Sub Registrar Office covers Mettu Street (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.