Guideline Value for Metha Nagar West 13th Street

Metha Nagar West 13th Street guideline value

The current guideline value of Metha Nagar West 13th 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 13th Street has changed

The guideline value for Metha Nagar West 13th Street has seen several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The latest revision in 2024 raised it further to Rs 1,540 per sq.ft, marking a significant increase of 64% from 2017 to 2024.

Between the 2023 and 2024 revisions, the guideline value increased by 10%. Notably, there are no figures available for the revisions in 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 have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the guideline value of Metha Nagar West 13th Street.

• Metha Nagar West 12th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 11th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 14th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 15th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 10th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 16th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar West 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the 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, totaling Rs 1,38,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metha Nagar West 13th Street?

The Sub Registrar Office covering Metha Nagar West 13th 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 plays a crucial role in the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Metha Nagar West 13th Street?

The current guideline value of Metha Nagar West 13th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification for Metha Nagar West 13th Street?

Metha Nagar West 13th Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,38,600, based on the current guideline value.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Metha Nagar West 13th Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.