Guideline Value for METTU STREET

Mettu Street guideline value

The current guideline value of Mettu Street in Tiruttani village, under the Thiruttani SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - II.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, representing a significant rise of 49%. The latest revision in 2024 shows a further increase to Rs 990 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no recorded figures for Mettu Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. Mettu Street's current guideline value of Rs 990 per sq.ft is above this median.

• Mettu Street Lane: Rs 990 per sq.ft (2024)
• Mgr Nagar 1st Lane: Rs 770 per sq.ft (2024)
• Mgr Nagar 2nd Lane: Rs 770 per sq.ft (2024)
• Mgr Nagar 3rd Lane: Rs 770 per sq.ft (2024)
• Mgr Nagar 4th Lane: Rs 770 per sq.ft (2024)
• Mgr Nagar 5th Lane: Rs 770 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 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. 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 further calculations.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in accordance with the regulations set by the Registration Department. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Mettu Street?

Mettu Street is classified as Commercial Class I Type - II. This classification is important for understanding the potential uses of the property in this area.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mettu Street located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. This office handles all registration activities for properties in Mettu Street.