Guideline Value for Metha Nagar East 14th Street

Metha Nagar East 14th Street guideline value

The current guideline value for Metha Nagar East 14th 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, and is classified as Residential Special Type - I.

How the guideline value of Metha Nagar East 14th Street has changed

The guideline value for Metha Nagar East 14th Street has undergone several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in 2023. The most recent revision in 2024 has further increased this value to Rs 1,540 per sq.ft, marking a 10% increase 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 revisions in 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 have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the guideline value for Metha Nagar East 14th 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 15th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 16th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 17th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar East 14th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800. Together, the total cost for stamp duty and registration fee would be Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Nagar East 14th Street?

The Sub Registrar Office that covers Metha Nagar East 14th Street is 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 critical factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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

Frequently asked questions

What is the current guideline value for Metha Nagar East 14th Street?

The current guideline value for Metha Nagar East 14th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

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

What is the land classification for Metha Nagar East 14th Street?

Metha Nagar East 14th Street is classified as Residential Special Type - I under the current guideline value register.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Metha Nagar East 14th Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,40,000, the total fees would amount to Rs 1,38,600.