Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Maakaanyam village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur 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 several revisions over the years. The most recent revisions are as follows: in 2012, the value was Rs 150 per sq.ft; it then decreased to Rs 100 per sq.ft in 2017, before returning to Rs 150 per sq.ft in both 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 50%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 150 per sq.ft.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Mettu Street's current guideline value is below this median.

• MRB Nagar: Rs 200 per sq.ft (2024)
• Navadeepam nagar: Rs 300 per sq.ft (2024)
• Kupera Nagar: Rs 200 per sq.ft (2024)
• Padasalai Street: Rs 150 per sq.ft (2024)
• Kalyana Perumal Nagar‍‍ I: Rs 400 per sq.ft (2024)
• Kalyana Perumal Nagar: Rs 600 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 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, while the registration fee at 2% would be Rs 3,000, bringing the total 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 the stamp duty and registration fee calculator for more detailed calculations.

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 Maakaanyam

The guideline value is an important factor when buying or selling property in Maakaanyam. It serves as a reference point for the registration process, ensuring that properties are valued consistently across the region.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all transactions. This ensures transparency and helps in maintaining the integrity of property transactions.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in 2023 and 2024, after a decrease to Rs 100 per sq.ft in 2017 from Rs 150 per sq.ft in 2012.

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for Mettu Street located?

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