Guideline Value for METTU STREET

Mettu Street guideline value

The current guideline value of Mettu Street in Thiruninravur-B village, under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - III land classification.

How the guideline value of Mettu Street has changed

The guideline value of Mettu Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a further increase of 10% from the previous year.

It is important to note that the register has no figures for Mettu Street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which means Mettu Street's 2024 figure is below that median.

• M.G.R.Nagar 1 To 10 Streets: Rs 770 per sq.ft (2024)
• M.G.R Street: Rs 770 per sq.ft (2024)
• M.C.B Mathura Phase IV: Rs 768 per sq.ft (2024)
• Mcb Madura Phase-II: Rs 768 per sq.ft (2024)
• Mcb Madura Phase - I: Rs 768 per sq.ft (2024)
• Moovandar Nagar & Streets: Rs 870 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total fees together Rs 39,600. 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 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-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. 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 of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, which is an overall increase of 64%.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would be Rs 39,600.

Which Sub Registrar Office covers Mettu Street?

The Avadi Sub Registrar Office covers 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 falls under the Residential Class III Type - III land classification as per the current guidelines.