Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Mudhukoor 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

Looking at the historical revisions, the guideline value for Mettu Street was Rs 200 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

In the 2012 revision, the guideline value was again set at Rs 200 per sq.ft, which was a decrease of 33% from the previous 2017 figure. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft. The register has no figure for Mettu Street in the revisions of 2002, 2003, and 2007.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 448 per sq.ft, with the median being Rs 200 per sq.ft. Mettu Street's 2024 figure aligns with this median.

• Melandai Vedhi: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)
• Mappedu Sellum Salai: Rs 200 per sq.ft (2024)
• Mansarovar Phase-I: 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 rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mudhukoor. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

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?

The guideline value for Mettu Street has seen changes from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2012 and 2023, with no change from 2023 to 2024.

What is the classification of land on Mettu Street?

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

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 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 200 per sq.ft would incur a total stamp duty and registration fee of Rs 18,000.