Guideline Value for Mettu 21st Street

Mettu 21st Street guideline value

The current guideline value of Mettu 21st 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 21st Street has changed

The guideline value for Mettu 21st 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. However, this value decreased to Rs 536 per sq.ft in the 2017 revision. Following that, the 2023 revision raised it to Rs 800 per sq.ft, and the latest revision in 2024 has further increased it to Rs 880 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2007 to 2024, there has been a substantial increase of 193% in the guideline value for Mettu 21st Street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value of these streets is Rs 880 per sq.ft, which is equal to the 2024 figure for Mettu 21st Street.

• Mettu 20th Street: Rs 880 per sq.ft (2024)
• Mettu 2nd Cross Street: Rs 880 per sq.ft (2024)
• Mettu 1st Cross Street: Rs 880 per sq.ft (2024)
• Mettu 19th Street: Rs 880 per sq.ft (2024)
• Mettu 2nd 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 21st 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 amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total charges Rs 79,200. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Mettu 21st Street?

The Sub Registrar Office that covers Mettu 21st 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 in the registration process when buying or selling property in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. This value helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Mettu 21st Street?

The current guideline value of Mettu 21st 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 property in Mettu 21st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000, leading to a stamp duty of Rs 61,600 and a registration fee of Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office is responsible for Mettu 21st Street?

The Redhills Sub Registrar Office is responsible for Mettu 21st Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Mettu 21st Street?

Mettu 21st Street is classified as Residential Class I Type - I, indicating its suitability for residential development.