Guideline Value for Mettu 6th Street

Mettu 6th Street guideline value

The current guideline value of Mettu 6th 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 6th Street has changed

The guideline value for Mettu 6th Street has seen 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 rise of 167%. However, between 2012 and 2017, the value decreased by 33% to Rs 536 per sq.ft. The next revision in 2023 brought the value up to Rs 800 per sq.ft, and the most recent revision in 2024 has set it at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

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 carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which matches the guideline value of Mettu 6th Street.

• Mettu 5th Street: Rs 880 per sq.ft (2024)
• Mettu 7th Street: Rs 880 per sq.ft (2024)
• Mettu 4th Street: Rs 880 per sq.ft (2024)
• Mettu 8th Street: Rs 880 per sq.ft (2024)
• Mettu 4th Cross Street: Rs 880 per sq.ft (2024)
• Mettu 9th Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total 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, bringing the total cost for these fees to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mettu 6th Street?

The Sub Registrar Office that covers Mettu 6th 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 during the registration of property transactions in Attanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are conducted fairly.

Frequently asked questions

What is the current guideline value of Mettu 6th Street?

The current guideline value of Mettu 6th 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, showing an overall increase of 193% over the years.

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

Other streets in Attanthangal with the same guideline value of Rs 880 per sq.ft include Mettu 5th Street, Mettu 7th Street, Mettu 4th Street, Mettu 8th Street, Mettu 4th Cross Street, and Mettu 9th Street.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mettu 6th Street located?

The Sub Registrar Office for Mettu 6th Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.