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Guideline Value

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Guideline Value for METTUKUPPAM - ANNA 1ST CROSS STREET

₹1660/sq.ft.

The guideline value for Mettukuppam - Anna 1st Cross Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mettukuppam - Anna 1st Cross Street

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Mettukuppam - Anna 1st Cross Street guideline value

The current guideline value of Mettukuppam - Anna 1st Cross Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Mettukuppam - Anna 1st Cross Street has changed

Over the years, the guideline value for Mettukuppam - Anna 1st Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. The value increased significantly to Rs 1,500 per sq.ft in 2023, followed by the current rate of Rs 1,660 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. When comparing the overall change from the 2012 revision to the 2024 revision, there has been an increase of 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, which is equal to the guideline value of Mettukuppam - Anna 1st Cross Street.

Stamp duty and registration fee for property in Mettukuppam - Anna 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total charges together to Rs 1,49,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate the applicable fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettukuppam - Anna 1st Cross Street?

The Sub Registrar Office that covers Mettukuppam - Anna 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vanagaram. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the transaction must be registered at the Sub Registrar Office, and the guideline value is used to determine the applicable fees. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher value will be the basis for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Mettukuppam - Anna 1st Cross Street?

The current guideline value of Mettukuppam - Anna 1st Cross Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the land classification of Mettukuppam - Anna 1st Cross Street?

The land classification of Mettukuppam - Anna 1st Cross Street is Residential Class III Type - I.

Where can I find the registration office for Mettukuppam - Anna 1st Cross Street?

The registration office for Mettukuppam - Anna 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Mettukuppam - Anna 1st Cross Street?

The stamp duty for properties in Mettukuppam - Anna 1st Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.