Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Santhavellur_B village is Rs 850 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which increased to Rs 250 per sq.ft in the 2023 revision. The most recent revision in 2024 has seen a significant jump to Rs 850 per sq.ft, marking a 240% increase from the previous year and an overall increase of 409% from 2017.

It is important to note that the register has no figures for Mettu Street for the years 2002, 2003, 2007, and 2012. The absence of figures for these years indicates that the guideline value remained unchanged during those periods.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Mettu Street's 2024 value above the median.

• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Moogambika Nagar: Rs 300 per sq.ft (2024)
• mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Lucky Land: Rs 300 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 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total fees to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise 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 specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 850 per sq.ft in 2024, reflecting an overall increase of 409% over this period.

What is the stamp duty for property in Mettu Street?

The stamp duty for property in Mettu Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 8,50,000, the stamp duty would be Rs 59,500.

Which Sub Registrar Office covers the registration for Mettu Street?

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

What are the other streets in Santhavellur_B and their guideline values?

Other streets in Santhavellur_B include Maruthi Avenue at Rs 700 per sq.ft, Moogambika Nagar and mother Therasa Nagar at Rs 300 per sq.ft, Mariamman Kovil Street at Rs 250 per sq.ft, Mahalakshmi Nagar at Rs 400 per sq.ft, and Lucky Land at Rs 300 per sq.ft for 2024.