Guideline Value for METTUKUPPAM KAMATCHIAMMAN NAGAR

Mettukuppam Kamatchiamman Nagar guideline value

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

How the guideline value of Mettukuppam Kamatchiamman Nagar has changed

The guideline value for Mettukuppam Kamatchiamman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,660 per sq.ft.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. Overall, the guideline value has increased by 11% from 2012 to 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,660 per sq.ft, which is equal to the 2024 figure for Mettukuppam Kamatchiamman Nagar.

• Mettukuppam Kamatchiamman Nagar 1st Street: Rs 1,660 per sq.ft (2024)
• Mettukuppam Kamatchiamman Nagar 2nd Street: Rs 1,660 per sq.ft (2024)
• Mettukuppam Mayana Salai: Rs 1,660 per sq.ft (2024)
• Mettukuppam - Anna Street: Rs 1,660 per sq.ft (2024)
• Mettukuppam - Anna 7th Cross Street: Rs 1,660 per sq.ft (2024)
• Mettukuppam - Anna 6th Cross Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Mettukuppam Kamatchiamman Nagar

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 or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettukuppam Kamatchiamman Nagar?

The Sub Registrar Office that covers Mettukuppam Kamatchiamman Nagar 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 of property transactions in Vanagaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the transaction is conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mettukuppam Kamatchiamman Nagar?

The current guideline value of Mettukuppam Kamatchiamman Nagar 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 for Mettukuppam Kamatchiamman Nagar?

The land classification for Mettukuppam Kamatchiamman Nagar is Residential Class III Type - I.

Where can I find the registration office for Mettukuppam Kamatchiamman Nagar?

The registration office for Mettukuppam Kamatchiamman Nagar 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 Kamatchiamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,60,000 would incur a stamp duty of Rs 1,16,200 at 7%.