Guideline Value for METTU STREET

Mettu Street guideline value

The current guideline value of Mettu Street in Kilkaranai village is Rs 1,100 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Mettu Street has changed

Over the years, the guideline value of Mettu Street has seen several revisions. Starting from the 2012 revision, the value was Rs 1,000 per sq.ft. It then decreased to Rs 670 per sq.ft in the 2017 revision, before increasing to Rs 1,000 per sq.ft again in 2023. The most recent revision in 2024 raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kilkaranai

In Kilkaranai, there are 12 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 1,870 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Mettu Street.

• Muthumariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Keelkaranai Pillaiyar Koil Street: Rs 1,100 per sq.ft (2024)
• Keelkaranai Main Road: Rs 1,100 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)
• Chithamanur Area II Industrial Area: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office covering Mettu Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the other streets in Kilkaranai with similar guideline values?

Other streets in Kilkaranai with a guideline value of Rs 1,100 per sq.ft for 2024 include Muthumariamman Koil Street, Keelkaranai Pillaiyar Koil Street, Keelkaranai Main Road, and School Street.

Where is the Sub Registrar Office for Mettu Street located?

The Sub Registrar Office for Mettu Street is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.

How is stamp duty calculated for properties in Kilkaranai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at the rate of 7%.