Guideline Value for Mettu Kammal Street

Mettu Kammal Street guideline value

The current guideline value of Mettu Kammal Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village, under the Kanchipuram Joint IV SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mettu Kammal Street has changed

The guideline value for Mettu Kammal Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the latest revision in 2024 raised it further to Rs 880 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Ist Division

In Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that have a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which aligns with the current guideline value of Mettu Kammal Street. Below are some other streets in Ist Division:

• Mettupalayam Street: Rs 1,100 per sq.ft (2024)
• Mottai Kulam Street: Rs 880 per sq.ft (2024)
• Mudaliar Street @ Vedantham Street: Rs 880 per sq.ft (2024)
• Munram Thiruvizha Mandapam Street: Rs 880 per sq.ft (2024)
• Malaiyala Street: Rs 1,650 per sq.ft (2024)
• Makaliyamman Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Kammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be 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 duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Mettu Kammal Street?

The Sub Registrar Office that covers Mettu Kammal Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the fees that need to be paid during the registration of the property.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the current market conditions and property values.

Frequently asked questions

What is the current guideline value of Mettu Kammal Street?

The current guideline value of Mettu Kammal 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 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value in Ist Division?

The median guideline value in Ist Division is Rs 880 per sq.ft, which is the same as the current guideline value for Mettu Kammal Street.

What are the stamp duty and registration fees for properties in Mettu Kammal Street?

For a 1,000 sq.ft property at the current rate, the total guideline value is Rs 8,80,000. The stamp duty is Rs 61,600, and the registration fee is Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Mettu Kammal Street?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for Mettu Kammal Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.