Guideline Value for Mettu 10th Street

Mettu 10th Street guideline value

The current guideline value of Mettu 10th Street in Attanthangal village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Mettu 10th Street has changed

The guideline value for Mettu 10th Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 167%. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose to Rs 800 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 880 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the 2024 figure for Mettu 10th Street.

• Mettu 11th Street: Rs 880 per sq.ft (2024)
• Mettu 12th Street: Rs 880 per sq.ft (2024)
• Mettu 13th Street: Rs 880 per sq.ft (2024)
• Mettu 14th Street: Rs 880 per sq.ft (2024)
• Mettu 15th Street: Rs 880 per sq.ft (2024)
• Mettu 16th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 10th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu 10th Street?

The Sub Registrar Office covering Mettu 10th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Attanthangal

The guideline value is a crucial factor when registering property transactions in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official value of the property, ensuring that the correct fees are applied based on the established rates for the area.

Frequently asked questions

What is the current guideline value of Mettu 10th Street?

The current guideline value of Mettu 10th Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the stamp duty and registration fees for properties in Mettu 10th Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration for Mettu 10th Street?

The Redhills Sub Registrar Office handles the registration for Mettu 10th Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Mettu 10th Street?

Mettu 10th Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.