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Guideline Value

Corporate

Guideline Value for Metha Nagar East 4th Street

₹1540/sq.ft.

The guideline value for Metha Nagar East 4th Street in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Metha Nagar East 4th Street

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Metha Nagar East 4th Street guideline value

The current guideline value of Metha Nagar East 4th 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 is classified as Residential Special Type - I.

How the guideline value of Metha Nagar East 4th Street has changed

The guideline value for Metha Nagar East 4th Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the value at Rs 938 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase of 10%, bringing the current guideline value to Rs 1,540 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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 is Rs 1,540 per sq.ft, which is the same as the current value for Metha Nagar East 4th Street.

Stamp duty and registration fee for property in Metha Nagar East 4th 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 4th Street?

The Sub Registrar Office that covers Metha Nagar East 4th 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 when registering properties in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Metha Nagar East 4th Street?

The current guideline value of Metha Nagar East 4th 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 changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

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

Other streets in Kunrathour-B that share the same guideline value of Rs 1,540 per sq.ft include Metha Nagar East 1st, 2nd, 3rd, 5th, 6th, and 7th Streets.

Where can I find the registration office for Metha Nagar East 4th Street?

The registration office for Metha Nagar East 4th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Metha Nagar East 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 15,40,000, the stamp duty at 7% would be Rs 1,07,800, along with a registration fee of Rs 30,800.