Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Echur village is Rs 200 per sq.ft, effective from the 2024 revision. 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 the 2012 revision, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 200 per sq.ft. The 2017 revision saw a decrease to Rs 134 per sq.ft, reflecting a -33% change from the 2012 figure. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, but there has been no change from 2023 to the current 2024 value of Rs 200 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 200 per sq.ft.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Mettu Street's 2024 figure of Rs 200 per sq.ft is above this median.

• Mettu Street in Cross Street: Rs 150 per sq.ft (2024)
• Mantheivelliamman Kovil Streer: Rs 150 per sq.ft (2024)
• Natham Kuppam Colony: Rs 150 per sq.ft (2024)
• Lakshmi Priya Farm Lands: Rs 150 per sq.ft (2024)
• Kurukku Street: Rs 150 per sq.ft (2024)
• Pallikooda 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Echur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers should be aware that the guideline value is considered alongside the sale price, with the higher amount being used to calculate the applicable charges. This ensures that the registration reflects the accurate value of the property being transacted.

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 the 2024 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024. There have been no changes from 2023 to 2024.

What is the land classification for Mettu Street?

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

Where is the Sub Registrar Office for Mettu Street located?

The Sub Registrar Office for Mettu Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Mettu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000.