Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has seen significant changes over the years. In 2003, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial jump to Rs 1,072 per sq.ft, reflecting a 257% increase from 2007. In 2023, the value further rose to Rs 1,600 per sq.ft, a 49% increase from the previous revision. The current value of Rs 1,760 per sq.ft from the 2024 revision represents a 10% increase from 2023.

It is important to note that there are no figures available for Mettu Street for the years 2002 and 2012 in the guideline value register. Overall, from 2003 to 2024, the guideline value has increased by 588%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Mettu Street's 2024 figure below this median.

• Mettu Cross Street: Rs 1,320 per sq.ft (2024)
• M.G.R.2nd Cross Street: Rs 2,350 per sq.ft (2024)
• M.G.R. 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• M.G.R. Ist Cross Street: Rs 2,350 per sq.ft (2024)
• MGR Nagar: Rs 1,760 per sq.ft (2024)
• M.G.R.Nagar 2nd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Anakaputhur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

It is essential for buyers and sellers to be aware of the guideline value, as it reflects the official valuation of the property and is a key factor in the registration process. Accurate knowledge of the guideline value helps in understanding the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 588% over the years.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, which is higher than the current value of Mettu Street.

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 sale price, whichever is higher.

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

The Sub Registrar Office for Mettu Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.