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_B village, is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification and is registered with the Sunguvarchattram SRO.

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

The guideline value for Mettu Street has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 100 per sq.ft. This value increased by 50% to Rs 150 per sq.ft in the 2023 revision, and has remained unchanged at Rs 150 per sq.ft in the 2024 revision, reflecting a 0% change between these two years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Echur_B

In Echur_B, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the 2024 figure for 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 together 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.

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

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_B

The guideline value is a crucial factor when registering property transactions in Echur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

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 increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, remaining unchanged at Rs 150 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class IV Type - I according to the land classification guidelines.

Where can I find the Sub Registrar Office for Mettu Street?

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

How is the stamp duty calculated for property in Mettu Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 13,500.