Guideline Value for METTUKUPPAM - Gangaiamman Koil Pallikuda Street

METTUKUPPAM - Gangaiamman Koil Pallikuda Street guideline value

The current guideline value of METTUKUPPAM - Gangaiamman Koil Pallikuda Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of METTUKUPPAM - Gangaiamman Koil Pallikuda Street has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 471% rise. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. Following this, the value rose to Rs 2,000 per sq.ft in 2023, and then to the current Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 529%.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which matches the current value of METTUKUPPAM - Gangaiamman Koil Pallikuda Street.

• METTUKUPPAM - Gangaiamman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• METTUKUPPAM - Gangaiamman Koil Street: Rs 2,200 per sq.ft (2024)
• METTUKUPPAM - Bajanai Koil Street: Rs 2,200 per sq.ft (2024)
• METTUKUPPAM - Mandaveli Cross Street: Rs 2,200 per sq.ft (2024)
• METTUKUPPAM - Mandaveli Street: Rs 2,200 per sq.ft (2024)
• METTUKUPPAM - Oothavadai Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in METTUKUPPAM - Gangaiamman Koil Pallikuda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 - Gangaiamman Koil Pallikuda Street?

The METTUKUPPAM - Gangaiamman Koil Pallikuda Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nerkundram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is sold, the registration office will refer to the guideline value to calculate the applicable fees. It is essential for both parties to understand this value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of METTUKUPPAM - Gangaiamman Koil Pallikuda Street?

The current guideline value is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking a total increase of 529% over the years.

What is the registration fee for property in METTUKUPPAM - Gangaiamman Koil Pallikuda Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Which Sub Registrar Office handles registrations for this street?

The Virugambakkam Sub Registrar Office handles registrations for METTUKUPPAM - Gangaiamman Koil Pallikuda Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of METTUKUPPAM - Gangaiamman Koil Pallikuda Street?

This street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.