Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Sengadu village is Rs 150 per sq.ft, effective from the 2024 revision. 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

Looking at the historical revisions, the guideline value for Mettu Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a value of Rs 100 per sq.ft, showing a 50% increase in the subsequent years. The 2012 revision also had a guideline value of Rs 150 per sq.ft, indicating a decrease of 33% from the previous revision in 2017.

There are no figures available for Mettu Street in the revisions from 2002, 2003, and 2007. Overall, comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 150 per sq.ft.

Guideline values in Sengadu

In Sengadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Mettu Street.

• Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Madhuraiveeran Koil Street: Rs 150 per sq.ft (2024)
• Kiran Nagar: Rs 150 per sq.ft (2024)
• Karpaga Vinayaga Nagar: Rs 400 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)
• Perumal Koil 3rd Street: Rs 150 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 amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling 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 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 Sengadu

The guideline value plays a crucial role during the registration of property transactions in Sengadu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

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

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 seen various changes, with the most recent revisions showing Rs 150 per sq.ft for both 2023 and 2024. The value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes within the area.

What are the other streets in Sengadu with similar guideline values?

Several other streets in Sengadu have a guideline value of Rs 150 per sq.ft, including Mariyamman Koil Street, Madhuraiveeran Koil Street, Kiran Nagar, and Perumal Koil 3rd Street.

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.