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Guideline Value

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Guideline Value for Mettu Colony Street (Old Edapalayam)

₹110/sq.ft.

The guideline value for Mettu Colony Street (old Edapalayam) in Pazhaya Erumai Vettipalayam village (Redhills SRO, Chennai zone) is Rs 110 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhaya Erumai Vettipalayam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹110 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mettu Colony Street (old Edapalayam)

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Mettu Colony Street (Old Edapalayam) guideline value

The current guideline value of Mettu Colony Street (Old Edapalayam) is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Pazhaya Erumai Vettipalayam village, under the jurisdiction of the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mettu Colony Street (Old Edapalayam) has changed

The guideline value for Mettu Colony Street (Old Edapalayam) has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2012 revision, but then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 100 per sq.ft in the 2023 revision, and currently stands at Rs 110 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%.

Guideline values in Pazhaya Erumai Vettipalayam

In Pazhaya Erumai Vettipalayam, there are 14 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 220 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, placing Mettu Colony Street (Old Edapalayam) below this median.

Stamp duty and registration fee for property in Mettu Colony Street (Old Edapalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total fees to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mettu Colony Street (Old Edapalayam)?

The Sub Registrar Office that covers Mettu Colony Street (Old Edapalayam) 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 Pazhaya Erumai Vettipalayam

When buying or selling property in Pazhaya Erumai Vettipalayam, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is set by the government and is crucial for calculating the costs associated with property registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall expenses during a property transaction. The guideline value serves as a reference point for both parties involved in the sale.

Frequently asked questions

What is the current guideline value of Mettu Colony Street (Old Edapalayam)?

The current guideline value of Mettu Colony Street (Old Edapalayam) is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 110 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification for Mettu Colony Street (Old Edapalayam)?

Mettu Colony Street (Old Edapalayam) is classified as Residential Class II Type - I.

Where can I find information about the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can also find more information online.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 1,10,000, the stamp duty would be Rs 7,700 and the registration fee would be Rs 2,200, totaling Rs 9,900. These fees are based on the guideline value or the sale price, whichever is higher.