Guideline Value for METTU STREET

Mettu Street guideline value

The current guideline value of Mettu Street in Cheyyur, under the Cheyyur SRO, is Rs 101 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has seen several revisions over the years. The oldest available figure is from 2017, which was Rs 50 per sq.ft. This value was revised to Rs 100 per sq.ft in 2023, marking a 100% increase. The latest revision in 2024 has set the guideline value at Rs 101 per sq.ft, representing a 1% increase from the previous year.

There are no figures available for the revisions from 2002, 2003, 2007, and 2012 for Mettu Street. Overall, from 2017 to 2024, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value is Rs 101 per sq.ft, which is equal to that of Mettu Street.

• Matha Koil Main Road: Rs 101 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• Manivannan Nagar: Rs 300 per sq.ft (2024)
• Nadu Theru Mettutheru: Rs 100 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 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total to Rs 9,090. 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?

The Sub Registrar Office that covers Mettu Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role during the registration process when buying or selling property in Cheyyur - A. It is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of this value to understand the financial implications of their property transaction.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value for Mettu Street has increased from Rs 50 per sq.ft to Rs 101 per sq.ft in 2024. This represents a total increase of 102% over the period.

What are the other streets with the same guideline value in Cheyyur - A?

Several other streets in Cheyyur - A have the same guideline value of Rs 101 per sq.ft for 2024, including Matha Koil Main Road, Mariyamman Kovil Street, MANTHAIVELI 2nd CROSS STREET, and MANTHAIVELI 1st CROSS STREET.

What fees are associated with purchasing property in Mettu Street?

When purchasing property in Mettu Street, 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?

The Sub Registrar Office for Mettu Street is located at Cheyyur Sub Registrar Office, 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.