Guideline Value for METTU STREET (or) PALANI ANDAVAR KOIL STREET

METTU STREET (or) PALANI ANDAVAR KOIL STREET guideline value

The current guideline value of METTU STREET (or) PALANI ANDAVAR KOIL STREET is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of METTU STREET (or) PALANI ANDAVAR KOIL STREET has changed

The guideline value for METTU STREET (or) PALANI ANDAVAR KOIL STREET has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,300 per sq.ft. This increased significantly to Rs 5,300 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw a further increase to Rs 5,800 per sq.ft, marking a change of +9% from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of +346% in the guideline value.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is equal to the current value for METTU STREET (or) PALANI ANDAVAR KOIL STREET.

• M.G.R. Street: Rs 4,400 per sq.ft (2024)
• Mini Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 1cross St Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 2nd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 3rd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram Main Road: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in METTU STREET (or) PALANI ANDAVAR KOIL STREET

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers METTU STREET (or) PALANI ANDAVAR KOIL STREET?

The Sub Registrar Office that covers METTU STREET (or) PALANI ANDAVAR KOIL STREET is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for completing the transaction legally. Buyers should be aware of the current guideline value to ensure they meet the necessary financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of METTU STREET (or) PALANI ANDAVAR KOIL STREET?

The current guideline value of METTU STREET (or) PALANI ANDAVAR KOIL STREET is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,300 per sq.ft to Rs 5,800 per sq.ft in 2024, marking an overall increase of +346%.

What is the land classification for METTU STREET (or) PALANI ANDAVAR KOIL STREET?

METTU STREET (or) PALANI ANDAVAR KOIL STREET is classified as Residential Class I Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is essential to know the current guideline value to accurately determine the stamp duty and registration fees during property transactions.