Guideline Value for Mettu Street D.M.Pet

Mettu Street D.M.Pet guideline value

The current guideline value of Mettu Street D.M.Pet is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Mettu Street D.M.Pet has changed

The guideline value for Mettu Street D.M.Pet has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 402 per sq.ft. In 2023, the value was revised to Rs 600 per sq.ft, maintaining the same figure in the subsequent 2024 revision, resulting in a 49% increase from 2017 to 2023. The changes from 2023 to 2024 show no increase, remaining at Rs 600 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only changes noted are from 2017 to 2024, which reflect a consistent increase of 49% overall.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Mettu Street D.M.Pet.

• Mettu Street: Rs 1,250 per sq.ft (2024)
• M.K.Avenue Sadras Salai: Rs 1,005 per sq.ft (2024)
• Mattru Pathai: Rs 1,100 per sq.ft (2024)
• Mathulankuppam: Rs 400 per sq.ft (2024)
• Masuthi Street: Rs 805 per sq.ft (2024)
• Mariamman Koil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street D.M.Pet

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, leading to a total cost of Rs 54,000. It is essential to note that the 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 Street D.M.Pet?

The Sub Registrar Office that covers Mettu Street D.M.Pet is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirukalukundrem A. It is used to calculate the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value ensures that the government receives appropriate revenue from the transaction. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Mettu Street D.M.Pet?

The current guideline value of Mettu Street D.M.Pet is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in both 2023 and 2024, representing a 49% increase over this period.

What is the land classification for Mettu Street D.M.Pet?

Mettu Street D.M.Pet is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the registration office for Mettu Street D.M.Pet?

The registration office for Mettu Street D.M.Pet is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mettu Street D.M.Pet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 42,000 at 7%.