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Guideline Value

Corporate

Guideline Value for Metha Nagar West 1st Street

₹1540/sq.ft.

The guideline value for Metha Nagar West 1st 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 1st Street

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Metha Nagar West 1st Street guideline value

The current guideline value of Metha Nagar West 1st 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 1st Street has changed

The guideline value for Metha Nagar West 1st Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 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 guideline value is Rs 1,540 per sq.ft, which is equal to the current value of Metha Nagar West 1st Street.

Stamp duty and registration fee for property in Metha Nagar West 1st 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, totaling 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 detailed calculations.

Which Sub Registrar Office covers Metha Nagar West 1st Street?

The Metha Nagar West 1st 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 when registering property transactions 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 in line with the prevailing market standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Metha Nagar West 1st Street?

The current guideline value of Metha Nagar West 1st 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 significantly from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking a total increase of 64% over these years.

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

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 the registration for Metha Nagar West 1st Street?

The Kunrathur Sub Registrar Office handles the registration for Metha Nagar West 1st Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including the location and land classification of the property. It serves as a reference point for property transactions in the area.