Guideline Value for Metha Nagar West 11th Street

Metha Nagar West 11th Street guideline value

The current guideline value of Metha Nagar West 11th 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 11th Street has changed

The guideline value for Metha Nagar West 11th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase from Rs 1,400 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 938 per sq.ft, which indicates a significant increase of 49% from 2017 to 2023, and an overall increase of 64% from 2017 to 2024.

It is important to note that there are no guideline value figures for Metha Nagar West 11th Street for the years 2002, 2003, 2007, and 2012. This lack of data means that the changes in guideline value during those years are not available 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 value for these streets is Rs 1,540 per sq.ft, which is the same as the current guideline value for Metha Nagar West 11th Street.

• Metha Nagar West 10th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 12th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 13th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 14th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 9th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 15th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar West 11th 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 fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metha Nagar West 11th Street?

The Metha Nagar West 11th Street falls under the jurisdiction of 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 property registration in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This process ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Metha Nagar West 11th Street?

The current guideline value for Metha Nagar West 11th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Metha Nagar West 11th Street?

Metha Nagar West 11th Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,38,600.

Where can I find the Sub Registrar Office for Metha Nagar West 11th Street?

The Kunrathur Sub Registrar Office covers Metha Nagar West 11th Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.