Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Agaram village is Rs 102 per sq.ft, effective from 1 July 2024. This street falls 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 for Mettu Street has undergone several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced the value to Rs 67 per sq.ft, marking a decline of 33%. However, the subsequent revisions saw a significant increase, with the 2023 revision bringing the value back up to Rs 100 per sq.ft, followed by a further increase to Rs 102 per sq.ft in the 2024 revision, reflecting a 2% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, when comparing the 2012 figure to the 2024 figure, there has been a slight increase of 2%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaram

Agaram village has a total of 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 374 per sq.ft. The median value for these streets is Rs 126 per sq.ft, placing Mettu Street's 2024 figure below that median.

• Nammalwar Nagar: Rs 374 per sq.ft (2024)
• Perumal Kovil Street: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 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 guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total charges to Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Agaram, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is conducted at a legally recognized value.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What is the land classification for 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 for Mettu Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mettu Street?

The stamp duty for properties in Mettu Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,02,000 would incur a stamp duty of Rs 7,140 at a rate of 7%.