Guideline Value for Mettu 15th Street

Mettu 15th Street guideline value

The current guideline value of Mettu 15th 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 15th Street has changed

The guideline value for Mettu 15th Street has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 167%. However, in 2017, it decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose to Rs 800 per sq.ft in 2023, and subsequently increased by 10% to the current Rs 880 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for Mettu 15th 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 carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median value being Rs 880 per sq.ft. Mettu 15th Street's guideline value matches this median.

• Mettu 14th Street: Rs 880 per sq.ft (2024)
• Mettu 16th Street: Rs 880 per sq.ft (2024)
• Mettu 13th Street: Rs 880 per sq.ft (2024)
• Mettu 17th Street: Rs 880 per sq.ft (2024)
• Mettu 12th Street: Rs 880 per sq.ft (2024)
• Mettu 18th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 15th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be 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. 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 details.

Which Sub Registrar Office covers Mettu 15th Street?

The Sub Registrar Office that covers Mettu 15th 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 in Attanthangal, as it determines the stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When the property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price aligns with the officially recognized value of the property. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Mettu 15th Street?

The current guideline value of Mettu 15th 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 Mettu 15th Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 79,200, including both fees.

Which Sub Registrar Office handles registrations for Mettu 15th Street?

The Redhills Sub Registrar Office handles registrations for Mettu 15th Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant in property transactions as it determines the applicable stamp duty and registration fees. It ensures that the sale price is in line with the officially recognized value, promoting transparency in real estate dealings.