Guideline Value for Mettu Street in Cross Street

Mettu Street in Cross Street guideline value

The current guideline value of Mettu Street in Cross Street, Echur village, is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Mettu Street in Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision saw a decrease from Rs 150 to Rs 100 per sq.ft, marking a 33% drop. The guideline value then increased by 50% to Rs 150 per sq.ft in 2023, and it has remained the same in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no change.

Guideline values in Echur

Echur village has a total of 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the guideline value of Mettu Street.

• Mettu Street: Rs 200 per sq.ft (2024)
• Mantheivelliamman Kovil Streer: Rs 150 per sq.ft (2024)
• Natham Kuppam Colony: Rs 150 per sq.ft (2024)
• Lakshmi Priya Farm Lands: Rs 150 per sq.ft (2024)
• Kurukku Street: Rs 150 per sq.ft (2024)
• Pallikooda Street: Rs 150 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu Street in Cross Street?

The Sub Registrar Office that covers Mettu Street in Cross Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Echur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Mettu Street in Cross Street?

The current guideline value of Mettu Street in Cross Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 150 per sq.ft. There was a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street in Cross Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty rates for properties in Mettu Street?

The stamp duty for properties in Mettu Street is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class IV Type - I under the current regulations.