Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Vallam_B village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has remained stable at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to that, in the 2017 revision, the guideline value was significantly lower at Rs 134 per sq.ft, reflecting a 199% increase over the period from 2017 to 2023 and an overall increase of 199% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Mettu Street. The 2024 and 2023 revisions both recorded the same value of Rs 400 per sq.ft, indicating a period of stability after a substantial increase from the previous years.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with the median being Rs 400 per sq.ft. Mettu Street's 2024 figure aligns with this median.

• Molakkalamman Koil Street: Rs 400 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Murugan Nagar: Rs 400 per sq.ft (2024)
• Muthamil Nagar: Rs 200 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 200 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. 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 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. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Vallam_B

The guideline value is a crucial factor when registering property transactions in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mettu Street has not changed from Rs 400 per sq.ft between the 2023 and 2024 revisions. However, it increased from Rs 134 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, reflecting a 199% increase over that period.

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class I Type - I, indicating its designation for residential purposes within the local planning framework.

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

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

How is stamp duty calculated for properties in Vallam_B?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.