Guideline Value for Mettu Cross Street

Mettu Cross Street guideline value

The current guideline value of Mettu Cross Street, located in Anakaputhur village, under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Mettu Cross Street has changed

The guideline value for Mettu Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The overall change from the 2017 revision to the 2024 revision is a substantial 64% increase.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Mettu Cross Street. This lack of data means that the historical context of the guideline value for this street is limited to the available revisions.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in the village is Rs 1,980 per sq.ft, placing Mettu Cross Street's 2024 figure below this median.

• Mettu Street: Rs 1,760 per sq.ft (2024)
• M.G.R.2nd Cross Street: Rs 2,350 per sq.ft (2024)
• M.G.R. 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• M.G.R. Ist Cross Street: Rs 2,350 per sq.ft (2024)
• MGR Nagar: Rs 1,760 per sq.ft (2024)
• M.G.R.Nagar 2nd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu Cross Street?

The Sub Registrar Office that covers Mettu Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mettu Cross Street?

The current guideline value of Mettu Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over the years.

What is the land classification for Mettu Cross Street?

Mettu Cross Street is classified under Residential Class II Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 1,18,800.

Where can I find the Sub Registrar Office for Mettu Cross Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, covers Mettu Cross Street. You can find more information about your SRO online.