Guideline Value for METTU ST

Mettu St guideline value

The current guideline value of Mettu St in Thandurai village, under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Mettu St has changed

Over the years, the guideline value for Mettu St has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision marked a significant increase to Rs 536 per sq.ft, reflecting a +49% change from the previous revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of -33%, but from 2017 to 2023, the value increased again to Rs 800 per sq.ft. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, placing Mettu St's 2024 figure below this median.

• M.G.R.Street Charless Nagar: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 1st Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 2nd Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 3rd Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 4th Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 5th Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mettu St?

The Sub Registrar Office that covers Mettu St 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 Thandurai

The guideline value is a crucial factor in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Mettu St?

The current guideline value of Mettu St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with significant changes occurring from 2012 to 2017 and then remaining stable from 2017 to 2024.

What is the land classification for Mettu St?

Mettu St falls under the Residential Class II Type - II land classification.

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

The stamp duty is 7%, and the registration fee is 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mettu St?

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