Guideline Value for Metha Nagar East 8th Street

Metha Nagar East 8th Street guideline value

The current guideline value for Metha Nagar East 8th Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Metha Nagar East 8th Street has changed

The guideline value for Metha Nagar East 8th Street has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent 2024 revision has raised this to Rs 1,430 per sq.ft, marking a significant increase of 64% from the 2017 figure.

From the 2023 to 2024 revision, there was a change of +10%. The 2012, 2007, 2003, and 2002 revisions do not have any figures available for this street in the register.

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 in this area is Rs 1,540 per sq.ft, which means that Metha Nagar East 8th Street's 2024 figure is below that median.

• Metha Nagar East 7th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 9th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 6th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 5th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 4th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 10th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar East 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, totaling Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Nagar East 8th Street?

The Sub Registrar Office that covers Metha Nagar East 8th 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 plays a crucial role during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the final amount payable may depend on the higher of the guideline value or the sale price, which is important for financial planning.

Frequently asked questions

What is the current guideline value for Metha Nagar East 8th Street?

The current guideline value for Metha Nagar East 8th Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 871 per sq.ft to the current rate of Rs 1,430 per sq.ft.

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 can I find the Sub Registrar Office for Metha Nagar East 8th Street?

The Sub Registrar Office for Metha Nagar East 8th Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

Other streets in Kunrathour-B have a guideline value of Rs 1,540 per sq.ft for several nearby streets, including Metha Nagar East 7th, 9th, 6th, 5th, 4th Streets, and Metha Nagar West 10th Street.