Guideline Value for METTUSHOP ST

Mettushop St guideline value

The current guideline value of Mettushop St in Walajabad village is Rs 750 per sq.ft, effective from 1 July 2024. This street falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Mettushop St has changed

The guideline value of Mettushop St has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 750 per sq.ft. In 2017, the guideline value decreased to Rs 502 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value returned to Rs 750 per sq.ft, and it remained unchanged in the 2024 revision, indicating a 0% change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant, showing a 0% change. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Mettushop St.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is the same as the guideline value for Mettushop St.

• Meglinpuram: Rs 750 per sq.ft (2024)
• Meevar Colony Kamarajar Srteet: Rs 750 per sq.ft (2024)
• M.D.Nagar: Rs 500 per sq.ft (2024)
• Masthan Vali Darga St: Rs 750 per sq.ft (2024)
• Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
• Masoothi St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Mettushop St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost to Rs 67,500. It is important to note that the 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 Mettushop St?

The Mettushop St falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Walajabad. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value serves as a benchmark for the transaction. It ensures that the property is valued fairly according to the established rates in the area, thereby facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Mettushop St?

The current guideline value of Mettushop St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft in 2023 and 2024, while it was Rs 502 per sq.ft in 2017. From 2012 to 2017, it decreased by 33% but returned to Rs 750 per sq.ft by 2023.

What is the land classification for Mettushop St?

Mettushop St is classified as Residential Class IV Type - I.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Walajabad?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.