Guideline Value

Corporate

Guideline Value for Metha Nagar West 17th Street

₹1430/sq.ft.

The guideline value for Metha Nagar West 17th Street in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /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 17th Street

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Metha Nagar West 17th Street guideline value

The current guideline value of Metha Nagar West 17th Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Metha Nagar West 17th Street has changed

The guideline value for Metha Nagar West 17th Street has undergone significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The latest revision in 2024 saw a further increase to Rs 1,430 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the increase in the guideline value is 64%.

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, placing Metha Nagar West 17th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Metha Nagar West 17th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Metha Nagar West 17th Street?

The Sub Registrar Office that covers Metha Nagar West 17th 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 process when buying or selling property in Kunrathour-B. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

When a property is sold, the guideline value is used to determine the applicable taxes, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Metha Nagar West 17th Street?

The current guideline value of Metha Nagar West 17th Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Metha Nagar West 17th Street?

The land classification for Metha Nagar West 17th Street is Residential Special Type - II, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Metha Nagar West 17th Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registration needs for properties in the area.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 1,00,100 at a rate of 7%.