Guideline Value for Meetu Street

Meetu Street guideline value

The current guideline value of Meetu Street in Pozhichalur village, under the Pammal SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Meetu Street has changed

The guideline value for Meetu Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which was then increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant increase of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Meetu Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, indicating that Meetu Street's 2024 figure is below this median.

• Mayana Street: Rs 1,100 per sq.ft (2024)
• Masilamani Street: Rs 1,100 per sq.ft (2024)
• Maruthi Street Andal Nagar: Rs 1,320 per sq.ft (2024)
• Maruthi Street (8): Rs 1,100 per sq.ft (2024)
• Maruthi Street (15): Rs 1,100 per sq.ft (2024)
• Marudhu Pandi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Meetu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Meetu Street?

The Sub Registrar Office that covers Meetu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is set by the Registration Department and is updated periodically. It is essential to check the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Meetu Street?

The current guideline value of Meetu Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification of Meetu Street?

Meetu Street is classified as Residential Class II Type - I. This classification is important for determining the guidelines and regulations applicable to properties in this area.

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

The Sub Registrar Office for Meetu Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the area.

How is stamp duty calculated on properties in Pozhichalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 11,00,000, the stamp duty would be 7% of that amount.