Guideline Value for METTUR STREET

Mettur Street guideline value

The current guideline value of Mettur Street in Vengathur village is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Manavalanagar Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Mettur Street has changed

The guideline value for Mettur Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 125 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, this value decreased to Rs 469 per sq.ft in the 2017 revision. From 2017 to 2023, the guideline value rose by 49%, reaching Rs 700 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for Mettur Street in the 2002 and 2003 revisions. Overall, since the 2007 revision, the guideline value has increased by 460%, reflecting the changes over the years.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Mettur Street's 2024 figure below this median.

• M.G.R. Nagar: Rs 600 per sq.ft (2024)
• Mayar Chitti Babu Street: Rs 700 per sq.ft (2024)
• Marudhi Street: Rs 1,300 per sq.ft (2024)
• Marudham Street: Rs 700 per sq.ft (2024)
• Maraimalai Adigal Street: Rs 1,300 per sq.ft (2024)
• Ma.Po.See. Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mettur Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost of duties to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mettur Street?

Mettur Street is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Vengathur. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on a standardized assessment of property values.

Frequently asked questions

What is the current guideline value of Mettur Street?

The current guideline value of Mettur Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 700 per sq.ft in 2024, reflecting a total increase of 460% over this period.

Are there any revisions without figures for Mettur Street?

Yes, the guideline value register has no figures for Mettur Street in the 2002 and 2003 revisions.

What is the median guideline value for streets in Vengathur?

The median guideline value for streets in Vengathur is Rs 1,000 per sq.ft, while Mettur Street's 2024 figure is below this median.

Where can I find the Sub Registrar Office for Mettur Street?

The Sub Registrar Office covering Mettur Street is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.