Guideline Value for Mettu 2nd Cross Street

Mettu 2nd Cross Street guideline value

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

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

In summary, from the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 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 with a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value among these streets is Rs 880 per sq.ft, which is the same as the guideline value for Mettu 2nd Cross Street.

• Mettu 21st Street: Rs 880 per sq.ft (2024)
• Mettu 20th Street: Rs 880 per sq.ft (2024)
• Mettu 2nd Street: Rs 880 per sq.ft (2024)
• Mettu 1st Cross Street: Rs 880 per sq.ft (2024)
• Mettu 3rd Cross Street: Rs 880 per sq.ft (2024)
• Mettu 19th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 2nd Cross 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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mettu 2nd Cross Street?

The Sub Registrar Office that covers Mettu 2nd Cross 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 in the registration process when buying or selling property in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Mettu 2nd Cross 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 properties in Mettu 2nd Cross Street?

For a 1,000 sq.ft property, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Mettu 2nd Cross Street?

The Redhills Sub Registrar Office handles registrations for Mettu 2nd Cross Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Mettu 2nd Cross Street?

Mettu 2nd Cross Street is classified as Residential Class I Type - I.