Guideline Value for METTU STREET (WARD -19)

Mettu Street (Ward -19) guideline value

The current guideline value of Mettu Street (Ward -19) in Ninna Karai village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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

Over the years, the guideline value of Mettu Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has increased the value further to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Mettu Street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, which means that Mettu Street's 2024 figure is below this median.

• Mettu Street (Ward -15): Rs 660 per sq.ft (2024)
• Mettu Street (Ward -2): Rs 660 per sq.ft (2024)
• Mgr Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Meenakshi Sundaranar Street (Ward -7): Rs 1,321 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a basis for calculating the stamp duty and registration fees when buying or selling property in Ninna Karai. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications of the transaction.

When registering a property, the guideline value is considered to ensure that the transaction is in compliance with local regulations. This value is crucial in determining the official worth of the property for legal purposes.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Mettu Street (Ward -19) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Mettu Street (Ward -19)?

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

How is the stamp duty calculated for properties in Mettu Street (Ward -19)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 46,200 based on the current guideline value.