Guideline Value for Mettu Colony Burial Road

Mettu Colony Burial Road guideline value

The current guideline value of Mettu Colony Burial Road is Rs 660 per sq.ft. This road is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mettu Colony Burial Road has changed

The guideline value for Mettu Colony Burial Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, representing a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,210 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Mettu Colony Burial Road.

• Mettu Colony IInd Road: Rs 660 per sq.ft (2024)
• Mettu Colony Ward No.5 Door No.1-70: Rs 660 per sq.ft (2024)
• Mettu Street Ward No.2 Door No.1-81: Rs 330 per sq.ft (2024)
• Milagai Chedi Kulam: Rs 660 per sq.ft (2024)
• Ma.Po.Si. Nagar Main: Rs 660 per sq.ft (2024)
• Ma.Po.Si. Nagar Ist Street ward No.13 Door No.13: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Colony Burial Road

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 details.

Which Sub Registrar Office covers Mettu Colony Burial Road?

The Sub Registrar Office that covers Mettu Colony Burial Road is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Old Gummidipoondi

The guideline value plays a crucial role in property transactions in Old Gummidipoondi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are based on a standardized valuation rather than individual sale prices.

Frequently asked questions

What is the current guideline value of Mettu Colony Burial Road?

The current guideline value of Mettu Colony Burial Road is Rs 660 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 in 2023, and finally to Rs 660 in 2024.

What is the stamp duty rate for property in Mettu Colony Burial Road?

The stamp duty rate for property transactions in Mettu Colony Burial Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mettu Colony Burial Road?

The Sub Registrar Office for Mettu Colony Burial Road is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201.

What is the land classification of Mettu Colony Burial Road?

Mettu Colony Burial Road is classified as Residential Class II Type - I as per the guideline value register.