Guideline Value for Mettu 19th Street

Mettu 19th Street guideline value

The current guideline value of Mettu 19th Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Attanthangal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mettu 19th Street has changed

The guideline value for Mettu 19th Street has seen several revisions over the years. Starting from 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, it then decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 800 per sq.ft in 2023, and finally, it reached Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Mettu 19th 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. The median value is Rs 880 per sq.ft, which is the same as the guideline value for Mettu 19th Street.

• Mettu 18th Street: Rs 880 per sq.ft (2024)
• Mettu 1st Cross Street: Rs 880 per sq.ft (2024)
• Mettu 17th Street: Rs 880 per sq.ft (2024)
• Mettu 20th Street: Rs 880 per sq.ft (2024)
• Mettu 16th Street: Rs 880 per sq.ft (2024)
• Mettu 21st Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 19th 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. It is important to note that 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 19th Street?

The Sub Registrar Office that covers Mettu 19th 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 plays a crucial role during property transactions in Attanthangal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must ensure that the property is registered at the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value serves as a benchmark for the transaction, ensuring that the government receives the appropriate revenue from property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mettu 19th Street?

The current guideline value of Mettu 19th 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, with various increases and decreases in between.

What is the registration office for Mettu 19th Street?

The registration office for Mettu 19th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Mettu 19th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the stamp duty would be Rs 61,600.

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

Yes, there are several other streets in Attanthangal that have the same guideline value of Rs 880 per sq.ft, including Mettu 18th Street, Mettu 1st Cross Street, Mettu 17th Street, Mettu 20th Street, Mettu 16th Street, and Mettu 21st Street.