Guideline Value for METTUKUPPAM - Oothavadai Cross Street

METTUKUPPAM - Oothavadai Cross Street guideline value

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

How the guideline value of METTUKUPPAM - Oothavadai Cross Street has changed

The guideline value for METTUKUPPAM - Oothavadai Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 350 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 471%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. Following this, the 2017 revision set the value at Rs 2,000 per sq.ft, which then rose to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

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

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for METTUKUPPAM - Oothavadai Cross Street.

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

Stamp duty and registration fee for property in METTUKUPPAM - Oothavadai Cross 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, bringing the total to Rs 1,98,000. It is important to note that 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 details.

Which Sub Registrar Office covers METTUKUPPAM - Oothavadai Cross Street?

The METTUKUPPAM - Oothavadai Cross Street falls under 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 reference point for property transactions in Nerkundram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value helps ensure that the transaction is recorded accurately in the official records.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value for METTUKUPPAM - Oothavadai Cross Street?

The current guideline value for METTUKUPPAM - Oothavadai Cross Street 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 changed significantly, from Rs 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 529% over the years.

What are the stamp duty and registration fees for a property in METTUKUPPAM - Oothavadai Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for METTUKUPPAM - Oothavadai Cross Street?

The registration for METTUKUPPAM - Oothavadai Cross Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Where can I find more information about the guideline values in Nerkundram?

More information about the guideline values in Nerkundram can be found in the registration department's guideline value register (TNReginet) or by exploring the specific streets listed under the Virugambakkam SRO.