Guideline Value for Mettu 3rd Street

Mettu 3rd Street guideline value

The current guideline value of Mettu 3rd Street in Attanthangal village, under the Redhills SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Mettu 3rd Street has changed

The guideline value for Mettu 3rd Street has undergone several revisions over the years. In 2007, the value was set 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 drop of 33%. The value continued to rise, reaching Rs 800 per sq.ft in 2023 and finally increasing to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this 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 have a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median being Rs 880 per sq.ft. Mettu 3rd Street's 2024 figure aligns with this median value.

• Mettu 3rd Cross Street: Rs 880 per sq.ft (2024)
• Mettu 4th Cross Street: Rs 880 per sq.ft (2024)
• Mettu 2nd Street: Rs 880 per sq.ft (2024)
• Mettu 4th Street: Rs 880 per sq.ft (2024)
• Mettu 5th Street: Rs 880 per sq.ft (2024)
• Mettu 2nd Cross Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 3rd 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, 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 our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mettu 3rd Street?

The Sub Registrar Office covering Mettu 3rd 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 the registration of property transactions in Attanthangal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that all transactions are conducted fairly and in accordance with the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mettu 3rd Street?

The current guideline value of Mettu 3rd 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 a decrease in between. The most recent revision saw a 10% increase from Rs 800 per sq.ft in 2023.

What is the land classification for Mettu 3rd Street?

Mettu 3rd Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Mettu 3rd Street located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties on Mettu 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 61,600.