Guideline Value for Metha Nagar West 7th Street

Metha Nagar West 7th Street guideline value

The current guideline value of Metha Nagar West 7th 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, classified as Residential Special Type - I.

How the guideline value of Metha Nagar West 7th Street has changed

The guideline value for Metha Nagar West 7th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase of 10% from Rs 1,400 per sq.ft in 2023. Prior to that, the 2017 revision recorded a guideline value of Rs 938 per sq.ft, marking a significant increase of 49% to the 2023 figure.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002. Overall, from the 2017 revision to the current 2024 value, there has been a total increase of 64% in the guideline value 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 guideline value for these streets is Rs 1,540 per sq.ft, which is the same as the current value for Metha Nagar West 7th Street.

• Metha Nagar West 6th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 8th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 5th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 9th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 4th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 3rd Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metha Nagar West 7th 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Metha Nagar West 7th Street?

The Metha Nagar West 7th 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 during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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 7th Street?

The current guideline value of Metha Nagar West 7th Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 64%.

Where can I find the registration office for Metha Nagar West 7th Street?

The registration office for Metha Nagar West 7th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% for property transactions. This is calculated based on the higher of the guideline value or the sale price of the property.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using our stamp duty and registration fee calculator, which provides detailed calculations based on the guideline value.