Guideline Value for Mettu Kalani

Mettu Kalani guideline value

The current guideline value of Mettu Kalani, located in Neeradi village under the Uthiramerur SRO, is Rs 202 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Mettu Kalani has changed

The guideline value for Mettu Kalani has undergone several revisions over the years. The earliest recorded revision for this street is from 2012, where the value was Rs 200 per sq.ft. In 2017, it decreased to Rs 134 per sq.ft, followed by an increase to Rs 200 per sq.ft in 2023. The latest revision in 2024 sees the guideline value at Rs 202 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Analyzing the changes, the guideline value increased by 1% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has seen a marginal increase of 1%.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft. The median value is Rs 202 per sq.ft, which is equal to the guideline value of Mettu Kalani for 2024.

• Manithottam: Rs 300 per sq.ft (2024)
• Nalloor Kalani: Rs 202 per sq.ft (2024)
• Naloor Kulakkarai: Rs 202 per sq.ft (2024)
• Neeradi Battai Street: Rs 202 per sq.ft (2024)
• Neeradi East Street: Rs 202 per sq.ft (2024)
• Neeradi South Street: Rs 202 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 202 per sq.ft, the total guideline value amounts to Rs 2,02,000. The stamp duty at 7% would be Rs 14,140, and the registration fee at 2% would be Rs 4,040, leading to a total of Rs 18,180. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu Kalani?

The Sub Registrar Office that covers Mettu Kalani is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to the registration of properties in Neeradi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the buying or selling process. The guideline value is typically used to ensure that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the buyer and seller must agree on a sale price, but the registration office will use the guideline value to calculate the necessary fees. If the sale price is lower than the guideline value, the higher value will be used to determine the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mettu Kalani?

The current guideline value of Mettu Kalani is Rs 202 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 202 per sq.ft in 2024.

What is the land classification of Mettu Kalani?

Mettu Kalani is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office for Mettu Kalani located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the guideline value of the property or the sale price, whichever is higher. This ensures that the fees reflect the true value of the transaction.