Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Azhakoor village, under the Sriperumpudur SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Mettu Street has changed

Over the years, the guideline value of Mettu Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a significant increase, with the value rising to Rs 67 per sq.ft, reflecting a 49% increase from the previous figure. However, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant at Rs 100 per sq.ft.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft. The median value for these streets is Rs 225 per sq.ft, placing Mettu Street's 2024 figure below the median.

• Padasalai Street: Rs 160 per sq.ft (2024)
• Pallatheru: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 175 per sq.ft (2024)
• Rathinapuram: Rs 300 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Azhakoor. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs when buying or selling property in the area.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 100 per sq.ft in the 2012, 2023, and 2024 revisions. It increased to Rs 67 per sq.ft in 2017, marking a 49% increase from the previous figure.

What are the guideline values of other streets in Azhakoor?

Other streets in Azhakoor have varying guideline values ranging from Rs 100 to Rs 350 per sq.ft, with the median value being Rs 225 per sq.ft.

What are the stamp duty and registration fees for properties in Mettu Street?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

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

The Sub Registrar Office for Mettu Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.