Guideline Value for Metha Nagar East 10th Street

Metha Nagar East 10th Street guideline value

The current guideline value of Metha Nagar East 10th Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Metha Nagar East 10th Street has changed

The guideline value for Metha Nagar East 10th Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision at Rs 938 per sq.ft. This value increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 shows a further increase to Rs 1,540 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current figure for Metha Nagar East 10th Street.

• Metha Nagar East 11th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 12th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 13th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 14th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 15th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 16th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar East 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metha Nagar East 10th Street?

The Metha Nagar East 10th Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

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

Frequently asked questions

What is the current guideline value of Metha Nagar East 10th Street?

The current guideline value of Metha Nagar East 10th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is an overall increase of 64%.

What is the registration office for Metha Nagar East 10th Street?

The registration office for Metha Nagar East 10th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 15,40,000 would incur a stamp duty of Rs 1,07,800 at 7%.

What are the guideline values of other streets in Kunrathour-B?

Other streets in Kunrathour-B, such as Metha Nagar East 11th Street, 12th Street, 13th Street, 14th Street, 15th Street, and 16th Street, all share the same guideline value of Rs 1,540 per sq.ft for 2024.