Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Kanthoor village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Mettu Street has changed

In the 2012 revision, the guideline value for Mettu Street was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a reduction of 33%. However, in the 2023 revision, the value increased by 50% to Rs 150 per sq.ft, and this figure remained the same in the 2024 revision, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Mettu Street. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 150 per sq.ft.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value is Rs 181 per sq.ft, indicating that Mettu Street's 2024 figure is below this median.

• Marutham Nagar: Rs 700 per sq.ft (2024)
• Mother Teresa Nagar: Rs 500 per sq.ft (2024)
• Padavettamman Kovil Street: Rs 150 per sq.ft (2024)
• Kottaikara Street: Rs 150 per sq.ft (2024)
• Kavana Street: Rs 150 per sq.ft (2024)
• Periya 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 rate of Rs 150 per sq.ft, the 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, bringing the total to Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. 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 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 Kanthoor

The guideline value is a crucial factor in the registration process when buying or selling property in Kanthoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 for Mettu Street has seen various changes, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, it has remained at Rs 150 per sq.ft.

What is the land classification of Mettu Street?

Mettu Street is classified as Residential Class III Type - I. This classification is important for determining the appropriate uses and regulations for properties in the area.

What are the stamp duty and registration fees for property in Mettu Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Mettu Street located?

The Sub Registrar Office for Mettu Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles all registration activities for properties in the area.