Guideline Value for Mettu 13th Street

Mettu 13th Street guideline value

The current guideline value of Mettu 13th Street in Attanthangal village, under the Redhills SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Mettu 13th Street has changed

The guideline value for Mettu 13th Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value dropped to Rs 536 per sq.ft in 2017. The 2023 revision saw a notable increase to Rs 800 per sq.ft, followed by the current rate of Rs 880 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 193%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Mettu 13th Street.

• Mettu 12th Street: Rs 880 per sq.ft (2024)
• Mettu 14th Street: Rs 880 per sq.ft (2024)
• Mettu 11th Street: Rs 880 per sq.ft (2024)
• Mettu 15th Street: Rs 880 per sq.ft (2024)
• Mettu 10th 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 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu 13th Street?

The Sub Registrar Office that covers Mettu 13th 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 critical factor when registering property in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official records. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mettu 13th Street?

The current guideline value of Mettu 13th 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 this period.

What are the stamp duty and registration fees for properties in Mettu 13th 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 13th Street?

The Redhills Sub Registrar Office handles the registration for properties in Mettu 13th Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Are there other streets with the same guideline value in Attanthangal?

Yes, there are several other streets in Attanthangal that share the same guideline value of Rs 880 per sq.ft, including Mettu 12th Street, Mettu 14th Street, Mettu 11th Street, Mettu 15th Street, Mettu 10th Street, and Mettu 16th Street.