Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Santhavellur village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has experienced several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision maintained this figure, showing no change from the previous year.

It is important to note that the register has no figures for Mettu Street for the years 2002, 2003, and 2007. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median value is Rs 500 per sq.ft, indicating that Mettu Street's 2024 figure is below this median.

• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Moogambika Nagar: Rs 305 per sq.ft (2024)
• mother Therasa Nagar: Rs 305 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Lucky Land: Rs 305 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. 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 further assistance.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office covering Mettu Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Santhavellur, as it determines the minimum value for registration purposes. Buyers and sellers must consider this value when negotiating sale prices, as the guideline value influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, reflecting the local market conditions. This process helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 167 per sq.ft in 2017. The value increased by 50% from 2017 to 2023.

What is the land classification of Mettu Street?

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

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office covers Mettu Street?

The Sunguvarchattram Sub Registrar Office covers Mettu Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.