Guideline Value for Mettu Street

Mettu Street guideline value

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

How the guideline value of Mettu Street has changed

The guideline value of Mettu Street has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which remained unchanged at Rs 100 per sq.ft in the 2023 revision. The most recent 2024 revision also maintains this figure at Rs 100 per sq.ft, resulting in a 49% increase from the 2017 value.

There are no recorded figures for Mettu Street in the revisions from 2002, 2003, 2007, and 2012. Therefore, the guideline value has remained consistent at Rs 100 per sq.ft from 2023 to 2024, with a significant increase of 49% from 2017 to 2023 and overall from 2017 to 2024.

Guideline values in AagaramB

In AagaramB village, there are 10 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 100 to Rs 374 per sq.ft. The median guideline value for these streets is Rs 125 per sq.ft, indicating that Mettu Street's current value is below this median.

• Nammalwar Nagar: Rs 374 per sq.ft (2024)
• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 100 per sq.ft (2024)
• Eden Garden Farm Land: Rs 100 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 350 per sq.ft (2024)
• Sri Ram Avenue: 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 rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling 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 our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Mettu Street?

Mettu Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in property transactions in AagaramB. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for completing the registration process. This ensures transparency and compliance with local regulations.

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 of Mettu Street has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall.

What is the land classification of Mettu Street?

Mettu Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering Mettu Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mettu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total stamp duty and registration fee of Rs 9,000.