Guideline Value

Corporate

Guideline Value for Metha Nagar West 15th Street

₹1540/sq.ft.

The guideline value for Metha Nagar West 15th Street in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Metha Nagar West 15th Street

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Metha Nagar West 15th Street guideline value

The current guideline value of Metha Nagar West 15th Street is Rs 1,540 per sq.ft. 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 15th Street has changed

The guideline value for Metha Nagar West 15th Street has seen several revisions over the years. The most recent revision is from 2024, where the value is set at Rs 1,540 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,400 per sq.ft. Prior to that, the 2017 revision set the value at Rs 938 per sq.ft, marking a substantial increase of 49% to the 2023 figure. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The consistent rise in the value reflects changes in the local real estate landscape, with the current rate aligning with the median value for Kunrathour-B streets.

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 also the guideline value for Metha Nagar West 15th Street. Below are the guideline values for other streets in Kunrathour-B:

Stamp duty and registration fee for property in Metha Nagar West 15th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metha Nagar West 15th Street?

The Metha Nagar West 15th 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 plays a crucial role 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 need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Metha Nagar West 15th Street?

The current guideline value of Metha Nagar West 15th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How 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, marking a total increase of 64%. The most recent change was a 10% increase from Rs 1,400 per sq.ft in 2023.

What is the land classification of Metha Nagar West 15th Street?

Metha Nagar West 15th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Metha Nagar West 15th Street?

The registration office for Metha Nagar West 15th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Metha Nagar West 15th Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.