Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Pillaippakkam-A village, under the Sriperumpudur SRO, is Rs 200 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

The guideline value for Mettu Street has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which was also the figure set in the previous revision of 2023. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, with no change from 2023 to 2024.

Guideline values in Pillaippakkam-A

Pillaippakkam-A has a total of 49 streets under the Sriperumpudur SRO with a 2024 guideline value range from Rs 100 to Rs 1,254 per sq.ft, where the median value is Rs 300 per sq.ft. Mettu Street's 2024 guideline value of Rs 200 per sq.ft is below this median.

• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Neelakanda Siva Nagar: Rs 200 per sq.ft (2024)
• Om Namachivaya Nagar: Rs 1,254 per sq.ft (2024)
• Kulakkarai Street: Rs 200 per sq.ft (2024)
• Palla Street: Rs 100 per sq.ft (2024)
• Pattukottai Azhagiri 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Pillaippakkam-A

The guideline value is a critical factor when registering property in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings.

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 from 2023 to 2024, while it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Mettu Street?

Mettu Street is classified under Residential Class III Type - I for land classification purposes.

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

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

How is stamp duty calculated for property in Mettu Street?

Stamp duty for property in Mettu Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 18,000.