Guideline Value for METTU STREET (WARD -19)

Mettu Street (Ward -19) guideline value

The current guideline value of Mettu Street (Ward -19) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, the value rebounded significantly in the following revisions, reaching Rs 500 per sq.ft in 2023 and then increasing to Rs 550 per sq.ft in 2024, reflecting a 10% rise from the previous year. The overall change from 2012 to 2024 shows a modest increase of 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The guideline value for Mettu Street (Ward -19) has thus changed from Rs 500 in 2012 to Rs 550 in 2024, indicating fluctuations influenced by various factors over the years.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Mettu Street (Ward -19) below this median.

• Mettu Street (Ward -15): Rs 550 per sq.ft (2024)
• Mettu Street (Ward -2): Rs 550 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which would be Rs 38,500, and the registration fee at 2% amounts to Rs 11,000. Therefore, the total cost for stamp duty and registration fee would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Peramanoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the property transaction. Understanding this value helps in budgeting for the additional costs associated with buying or selling a property.

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

How has the guideline value changed over the years for Mettu Street (Ward -19)?

The guideline value for Mettu Street (Ward -19) has changed from Rs 500 in 2012 to Rs 550 in 2024, with a notable decrease to Rs 335 in 2017 before rebounding in subsequent revisions.

What other streets have guideline values in Peramanoor?

Other streets in Peramanoor under the Chengleput Joint II SRO have various guideline values. For instance, Mettu Street (Ward -15) and Mettu Street (Ward -2) both have a guideline value of Rs 550 per sq.ft in 2024.

What fees are associated with buying property in Mettu Street (Ward -19)?

When buying property in Mettu Street (Ward -19), buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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.