Guideline Value for Metha Nagar East 12th Street

Metha Nagar East 12th Street guideline value

The current guideline value of Metha Nagar East 12th 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 12th Street has changed

The guideline value for Metha Nagar East 12th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase of 10% from Rs 1,400 per sq.ft in 2023. Prior to that, the value was Rs 938 per sq.ft in 2017, marking a significant increase of 49% over the six years leading to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

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 value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Metha Nagar East 12th Street.

• Metha Nagar East 11th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 13th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 10th 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 12th 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 to Rs 1,38,600. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Metha Nagar East 12th Street?

The Sub Registrar Office covering Metha Nagar East 12th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value of property for stamp duty and registration fees.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, thereby protecting the interests of both buyers and sellers. It is crucial to be aware of the current guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Metha Nagar East 12th Street?

The current guideline value of Metha Nagar East 12th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets with the same guideline value in Kunrathour-B?

Other streets in Kunrathour-B with the same guideline value of Rs 1,540 per sq.ft include Metha Nagar East 10th, 11th, 13th, 14th, 15th, and 16th Streets.

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Metha Nagar East 12th Street located?

The Sub Registrar Office for Metha Nagar East 12th Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.