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Guideline Value

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Guideline Value for METTUKUPPAM - ANNA 2ND CROSS STREET

₹1660/sq.ft.

The guideline value for Mettukuppam - Anna 2nd 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 2nd Cross Street

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Mettukuppam - Anna 2nd Cross Street guideline value

The current guideline value of Mettukuppam - Anna 2nd 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mettukuppam - Anna 2nd Cross Street has changed

The guideline value for Mettukuppam - Anna 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,660 per sq.ft, marking an increase of 11% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The register does not contain 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, with a 2024 guideline value range 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 2nd Cross Street.

Stamp duty and registration fee for property in Mettukuppam - Anna 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,660 per sq.ft, the guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, totaling 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mettukuppam - Anna 2nd Cross Street?

The Sub Registrar Office that covers Mettukuppam - Anna 2nd 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 is a crucial factor when registering property in Vanagaram. It serves as a benchmark for determining the minimum value at which a property can be sold and is used to calculate stamp duty and registration fees during the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved in the registration process. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Mettukuppam - Anna 2nd Cross Street?

The current guideline value of Mettukuppam - Anna 2nd 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 2023 to Rs 1,660 per sq.ft in 2024, reflecting an increase of 11%. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for this street?

The land classification for Mettukuppam - Anna 2nd Cross Street is Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for properties is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 16,60,000, the total fees would amount to Rs 1,49,400.

Which office handles registrations for Mettukuppam - Anna 2nd Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Mettukuppam - Anna 2nd Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.