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Guideline Value for Metha Nagar East 7th Street

₹1540/sq.ft.

The guideline value for Metha Nagar East 7th 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 7th Street

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Metha Nagar East 7th Street guideline value

The current guideline value of Metha Nagar East 7th 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 7th Street has changed

The guideline value for Metha Nagar East 7th Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 shows a further increase to Rs 1,540 per sq.ft, reflecting a 10% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for 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 guideline value is Rs 1,540 per sq.ft, which is the same as the 2024 figure for Metha Nagar East 7th Street.

Stamp duty and registration fee for property in Metha Nagar East 7th 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 fees to Rs 1,38,600. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Nagar East 7th Street?

The Sub Registrar Office that covers Metha Nagar East 7th 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 an essential factor when registering a property in Kunrathour-B. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is crucial to consider the guideline value, as it serves as a benchmark for the transaction price. The registration office uses this value to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Metha Nagar East 7th Street?

The current guideline value of Metha Nagar East 7th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

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

Other streets in Kunrathour-B with a guideline value of Rs 1,540 per sq.ft include Metha Nagar East 6th Street, Metha Nagar East 5th Street, Metha Nagar East 9th Street, Metha Nagar East 4th Street, and Metha Nagar East 3rd Street.

What fees are associated with purchasing property in Metha Nagar East 7th Street?

The fees associated with purchasing property include stamp duty, which is 7% of the guideline value, and a registration fee of 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,38,600.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069, or by using the online tool to find your SRO.