Guideline Value

Corporate

Guideline Value for METTUKUPPAM KAMATCHIAMMAN NAGAR 2ND STREET

₹1660/sq.ft.

The guideline value for Mettukuppam Kamatchiamman Nagar 2nd 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 Kamatchiamman Nagar 2nd Street

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Mettukuppam Kamatchiamman Nagar 2nd Street guideline value

The current guideline value for Mettukuppam Kamatchiamman Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village, under the Chennai South Joint I SRO, and falls under Residential Class III Type - I land classification.

How the guideline value of Mettukuppam Kamatchiamman Nagar 2nd Street has changed

Over the years, the guideline value for Mettukuppam Kamatchiamman Nagar 2nd Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In 2023, the guideline value increased to Rs 1,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,660 per sq.ft, marking an 11% increase. Overall, from the 2012 revision to the 2024 revision, there has been an increase of 11% in the guideline value.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value is Rs 1,660 per sq.ft, which is the same as the guideline value for Mettukuppam Kamatchiamman Nagar 2nd Street.

Stamp duty and registration fee for property in Mettukuppam Kamatchiamman Nagar 2nd 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. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettukuppam Kamatchiamman Nagar 2nd Street?

The Sub Registrar Office that covers Mettukuppam Kamatchiamman Nagar 2nd 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 during the registration of property transactions in Vanagaram. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property.

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

Frequently asked questions

What is the current guideline value for Mettukuppam Kamatchiamman Nagar 2nd Street?

The current guideline value for Mettukuppam Kamatchiamman Nagar 2nd 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, an increase of 11%. It was Rs 1,005 per sq.ft in 2017, showing a 49% increase to the 2023 value.

What is the land classification for this street?

Mettukuppam Kamatchiamman Nagar 2nd Street is classified under Residential Class III Type - I land classification.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 16,60,000, the stamp duty would be Rs 1,16,200, and the registration fee would be Rs 33,200, totaling Rs 1,49,400.

Which office handles the registration for this area?

The Chennai South Joint I Sub Registrar Office handles the registration for Mettukuppam Kamatchiamman Nagar 2nd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.