Guideline Value for Metha Nagar West 14th Street

Metha Nagar West 14th Street guideline value

The current guideline value of Metha Nagar West 14th 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 14th Street has changed

The guideline value for Metha Nagar West 14th 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 2023. The most recent revision in 2024 raised the value to Rs 1,540 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 carry 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 14th 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 West 13th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 15th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 16th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 17th Street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar West 14th 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 to Rs 1,38,600. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Metha Nagar West 14th Street?

The Sub Registrar Office that covers Metha Nagar West 14th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer will be required to pay 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 14th Street?

The current guideline value of Metha Nagar West 14th 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 increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Metha Nagar West 14th Street?

Metha Nagar West 14th Street is classified as Residential Special Type - I under the Kunrathur SRO.

What are the stamp duty and registration fees for a property in Metha Nagar West 14th Street?

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 registration for Metha Nagar West 14th Street?

The Kunrathur Sub Registrar Office handles property registration for Metha Nagar West 14th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.