Guideline Value for Metha Nagar West 10th Street

Metha Nagar West 10th Street guideline value

The current guideline value of Metha Nagar West 10th 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 West 10th Street has changed

The guideline value for Metha Nagar West 10th Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, representing a further increase of 10% 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 the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

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 equal to the 2024 figure for Metha Nagar West 10th Street.

• Metha Nagar West 11th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 12th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 9th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 13th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 8th Street: Rs 1,430 per sq.ft (2024)
• Metha Nagar West 14th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar West 10th 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, while the registration fee at 2% would be Rs 30,800, bringing the total to 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 additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Nagar West 10th Street?

The Sub Registrar Office that covers Metha Nagar West 10th 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 crucial factor during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which duties are calculated. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Metha Nagar West 10th Street?

The current guideline value of Metha Nagar West 10th 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 the seven years.

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 office handles property registrations for Metha Nagar West 10th Street?

The Kunrathur Sub Registrar Office handles property registrations for Metha Nagar West 10th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets with the same guideline value in Kunrathour-B?

Yes, several other streets in Kunrathour-B have the same guideline value of Rs 1,540 per sq.ft in 2024, including Metha Nagar West 11th Street, Metha Nagar West 12th Street, and Metha Nagar West 14th Street, among others.