Guideline Value for Metha Nagar East 19th Street

Metha Nagar East 19th Street guideline value

The current guideline value of Metha Nagar East 19th 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 it falls under the land classification of Residential Special Type - I.

How the guideline value of Metha Nagar East 19th Street has changed

The guideline value for Metha Nagar East 19th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, which is an increase from Rs 1,400 per sq.ft in the 2023 revision. This reflects a change of 10%. Looking further back, the 2017 revision recorded a guideline value of Rs 938 per sq.ft. Between 2017 and 2023, the value increased by 49%, and from 2017 to 2024, it has risen by a total of 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The absence of these figures means we cannot assess any changes during those years.

Guideline values in Kunrathour-B

In Kunrathour-B, a total of 325 streets are registered under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current value for Metha Nagar East 19th Street.

• Metha Nagar East 18th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 1st Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 17th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 2nd Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 16th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 3rd Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar East 19th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Nagar East 19th Street?

The Sub Registrar Office that covers Metha Nagar East 19th 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 a crucial factor during property registration in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Both buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Metha Nagar East 19th Street?

The current guideline value of Metha Nagar East 19th 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, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office is responsible for Metha Nagar East 19th Street?

The Kunrathur Sub Registrar Office is responsible for Metha Nagar East 19th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Metha Nagar East 19th Street?

Metha Nagar East 19th Street falls under the land classification of Residential Special Type - I.