Guideline Value for Mettu 9th Street

Mettu 9th Street guideline value

The current guideline value of Mettu 9th 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 9th Street has changed

The guideline value for Mettu 9th Street has undergone several revisions over the years. The earliest available figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023, and currently stands at Rs 880 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 193%. Notably, there are no figures available for the years 2002 and 2003 for this 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 is Rs 880 per sq.ft, which is equal to the current guideline value of Mettu 9th Street.

• Mettu 8th Street: Rs 880 per sq.ft (2024)
• Mettu 7th Street: Rs 880 per sq.ft (2024)
• Mettu 6th Street: Rs 880 per sq.ft (2024)
• Mettu 5th Street: Rs 880 per sq.ft (2024)
• Mettu 4th Street: Rs 880 per sq.ft (2024)
• Mettu 4th Cross Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu 9th 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, 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu 9th Street?

The Sub Registrar Office that covers Mettu 9th 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 property transactions in Attanthangal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Mettu 9th Street?

The current guideline value of Mettu 9th 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 is the stamp duty for properties in Mettu 9th Street?

The stamp duty for properties in Mettu 9th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mettu 9th Street?

The Sub Registrar Office for Mettu 9th Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Other streets in Attanthangal with the same guideline value of Rs 880 per sq.ft in 2024 include Mettu 8th Street, Mettu 7th Street, Mettu 6th Street, Mettu 5th Street, Mettu 4th Street, and Mettu 4th Cross Street.