Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Tharapakkam village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Mettu Street has changed

In the 2017 revision, the guideline value was set at Rs 536 per sq.ft. This figure saw a significant increase to Rs 800 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 further increased the value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for Mettu Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Mettu Street's value below that median.

• M.G.R. Street: Rs 880 per sq.ft (2024)
• Masilamani Garden: Rs 880 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Madha Koil Street: Rs 880 per sq.ft (2024)
• Lurudhu Ammal Nagar: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,100 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Street?

Mettu Street is covered by 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 Tharapakkam

The guideline value is a crucial factor in property transactions in Tharapakkam, as it determines the base value for calculating stamp duty and registration fees. When a property is sold or purchased, the guideline value is used to assess the applicable fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall costs involved in the property transfer process. Understanding the guideline value helps in making informed decisions during real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value of Mettu Street has increased from Rs 536 per sq.ft to Rs 880 per sq.ft, marking an overall increase of 64%.

What were the guideline values in the previous revisions?

The guideline values for Mettu Street in previous revisions were Rs 536 per sq.ft in 2017, Rs 800 per sq.ft in 2023, and Rs 880 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Tharapakkam?

The median guideline value for streets in Tharapakkam is Rs 1,100 per sq.ft, which is higher than the current value of Mettu Street.

Where can I find the Pammal Sub Registrar Office?

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