Guideline Value for METTU STREET

Mettu Street guideline value

The current guideline value of Mettu Street in Thiruninravur-A village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Commercial Class I Type - III.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has seen significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This figure increased to Rs 871 per sq.ft in the 2023 revision, marking a substantial rise of 225%. The most recent revision in 2024 has set the guideline value at Rs 950 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Mettu Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 254%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Mettu Street's 2024 guideline value of Rs 950 per sq.ft is above this median.

• M.G.R.Nagar 1 To 10 Streets: Rs 750 per sq.ft (2024)
• M.G.R Street: Rs 750 per sq.ft (2024)
• M.C.B Mathura Phase IV: Rs 770 per sq.ft (2024)
• Mcb Madura Phase-II: Rs 770 per sq.ft (2024)
• Mcb Madura Phase - I: Rs 770 per sq.ft (2024)
• Moovandar Nagar & Streets: Rs 840 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 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total charges to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on the official valuation set by the government.

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. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased significantly, from Rs 268 per sq.ft in 2017 to Rs 950 per sq.ft in 2024, representing an overall increase of 254%.

What are the stamp duty and registration fees for Mettu Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles registrations for Mettu Street?

The Avadi Sub Registrar Office handles registrations for Mettu Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Mettu Street?

Mettu Street is classified as Commercial Class I Type - III, which influences its guideline value and potential uses.