Guideline Value for Mettu 2nd Street

Mettu 2nd Street guideline value

The current guideline value of Mettu 2nd 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 2nd Street has changed

The guideline value for Mettu 2nd Street has seen 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, marking a rise of 167%. However, it then decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 800 per sq.ft in 2023, and most recently, it increased to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the increase amounts to 193%. It is important to note that the register has no figures for Mettu 2nd Street for the years 2002 and 2003.

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 also the guideline value for Mettu 2nd Street.

• Mettu 3rd Cross Street: Rs 880 per sq.ft (2024)
• Mettu 2nd Cross Street: Rs 880 per sq.ft (2024)
• Mettu 3rd Street: Rs 880 per sq.ft (2024)
• Mettu 21st Street: Rs 880 per sq.ft (2024)
• Mettu 4th Cross Street: Rs 880 per sq.ft (2024)
• Mettu 20th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 2nd Street

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

Which Sub Registrar Office covers Mettu 2nd Street?

The Sub Registrar Office that covers Mettu 2nd 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 applicable to the property being bought or sold.

When you register a property, the guideline value is considered to ensure that the correct fees are paid. This value helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mettu 2nd Street?

The current guideline value of Mettu 2nd Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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 a total increase of 193% since then.

What are the other streets in Attanthangal with the same guideline value?

Other streets in Attanthangal that share the same guideline value of Rs 880 per sq.ft include Mettu 3rd Cross Street, Mettu 2nd Cross Street, Mettu 3rd Street, Mettu 21st Street, Mettu 4th Cross Street, and Mettu 20th Street.

What fees are associated with buying property in Mettu 2nd Street?

When buying property in Mettu 2nd Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mettu 2nd Street?

The Redhills Sub Registrar Office, which covers Mettu 2nd Street, is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.