Guideline Value for Mettu Street/Paris Apts.,

Mettu Street/Paris Apts., guideline value

The current guideline value for Mettu Street/Paris Apts., located in Paruthivakkam village under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Mettu Street/Paris Apts., has changed

The guideline value for Mettu Street/Paris Apts. has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. In 2017, this figure decreased to Rs 2,345 per sq.ft. The subsequent revision in 2023 saw an increase to Rs 3,500 per sq.ft. Finally, the current value as of 2024 is Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

Between the years, the changes in the guideline value are notable. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthivakkam

In Paruthivakkam, there are 14 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Mettu Street/Paris Apts. below that median value.

• Mettu Palayam (Eruppu Padhai): Rs 5,500 per sq.ft (2024)
• M.K.N. Road: Rs 6,600 per sq.ft (2024)
• Margo Street (Margoss Street): Rs 2,800 per sq.ft (2024)
• Margo Lane (Margoss Lane): Rs 2,800 per sq.ft (2024)
• Madhurai Naiken Street (Madurai Street): Rs 4,400 per sq.ft (2024)
• Pachaiyamman Koil Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street/Paris Apts.,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mettu Street/Paris Apts.,?

The Sub Registrar Office that covers Mettu Street/Paris Apts. is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthivakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mettu Street/Paris Apts.?

The current guideline value of Mettu Street/Paris Apts. is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, an increase of 11%. It was Rs 2,345 per sq.ft in 2017, and Rs 3,500 per sq.ft in 2012.

What is the land classification for Mettu Street/Paris Apts.?

Mettu Street/Paris Apts. falls under the Residential Class I Type - II land classification.

What are the other streets in Paruthivakkam and their guideline values?

Other streets in Paruthivakkam have varying guideline values, ranging from Rs 2,800 to Rs 6,600 per sq.ft. Notable streets include M.K.N. Road at Rs 6,600 per sq.ft and Mettu Palayam at Rs 5,500 per sq.ft.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.