Guideline Value for Mettu Street Ist Street

Mettu Street Ist Street guideline value

The current guideline value of Mettu Street Ist Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, and the land classification is Residential Special Type - III.

How the guideline value of Mettu Street Ist Street has changed

The guideline value for Mettu Street Ist Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Mettu Street Ist Street above this median.

• Mettu Street IInd Street: Rs 1,980 per sq.ft (2024)
• Mel Ragunathapuram: Rs 1,980 per sq.ft (2024)
• Melma Nagar: Rs 2,200 per sq.ft (2024)
• Meera Nagar: Rs 2,090 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,430 per sq.ft (2024)
• Masilamani Nagar Annexe: Rs 1,480 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty is calculated at 7%, which comes to Rs 1,38,600, while the registration fee at 2% is Rs 39,600. Together, the total cost for these fees is Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Mettu Street Ist Street?

The Sub Registrar Office that covers Mettu Street Ist Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Mangadu -A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on an official value set by the government.

It is important for buyers and sellers to be aware of the guideline value, as it directly affects the financial aspects of property transactions. Ensuring compliance with these values can help in smooth registration processes.

Frequently asked questions

What is the current guideline value of Mettu Street Ist Street?

The current guideline value of Mettu Street Ist Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification for Mettu Street Ist Street?

The land classification for Mettu Street Ist Street is Residential Special Type - III.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,78,200.