Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street, located in Mevaloorkuppam B village, is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 134 per sq.ft, indicating a decrease of 25% from that year to the present.

There are no figures available for Mettu Street in the revisions from 2002, 2003, 2007, and 2012. Overall, comparing the 2017 and 2024 revisions, the guideline value has decreased by 25%.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Mettu Street is below this median.

• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 per sq.ft (2024)
• Mekkar Street: Rs 300 per sq.ft (2024)
• Mayana Salai: Rs 100 per sq.ft (2024)
• Moorthiyar Nagar: Rs 100 per sq.ft (2024)
• Manthoppu Street: Rs 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 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, making the total fees Rs 9,000. 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 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 Mevaloorkuppam B

The guideline value is an important factor in the registration process for property transactions in Mevaloorkuppam B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

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 for Mettu Street has decreased from Rs 134 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, reflecting a 25% reduction over this period. The value has remained the same from 2023 to 2024.

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

For a property valued at Rs 1,00,000 on Mettu Street, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Mettu Street?

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

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class IV Type - I according to the current guidelines.