Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Mannoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Mettu Street has changed

Over the years, the guideline value for Mettu Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 200 per sq.ft. The 2017 revision saw a significant increase to Rs 134 per sq.ft, marking a 49% rise from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 200 per sq.ft, resulting in an overall change of 0%. The changes between the revisions indicate fluctuations, particularly from 2017 to 2023 where the value remained stable.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, positioning Mettu Street's value below this median.

• Murugan Nagar: Rs 100 per sq.ft (2024)
• Muthu Street: Rs 200 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• Nemili Road: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Ochan street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 details.

Which Sub Registrar Office covers Mettu Street?

The Mettu Street falls under the jurisdiction of 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 Mannoor

The guideline value is a crucial factor when registering property transactions in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the official assessment of the land's value. Buyers and sellers should be aware of these values to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mettu Street has remained at Rs 200 per sq.ft since the 2012 revision, with no change from 2023 to 2024. However, there was a significant increase of 49% from Rs 134 per sq.ft in 2017 to the current value.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor village is Rs 250 per sq.ft. Mettu Street's current value is below this median, indicating it is priced competitively compared to other streets in the area.

What fees are associated with buying property in Mettu Street?

When buying property in Mettu Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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. This office handles all property registrations in the area.