Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Siru Mangadu 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 II Type - I.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 and 2024 revisions. The 2017 revision marked a significant increase to Rs 100 per sq.ft, reflecting a 50% rise from the previous figure.

There are no figures available for the revisions in 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 150 per sq.ft, indicating no change during this period.

Guideline values in Siru Mangadu

Siru Mangadu village has a total of 9 streets under the Sunguvarchattram SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 528 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Mettu Street's 2024 figure below this median.

• Nadu Street: Rs 150 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kanniamman Kovil Street: Rs 200 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)
• Jemi Sirumangadu New Town: Rs 200 per sq.ft (2024)
• Iswaryam Nagar: 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 guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. 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 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Siru Mangadu. 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 sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

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 remained at Rs 150 per sq.ft since the 2012 revision, with a notable increase to Rs 100 per sq.ft in 2017. There have been no changes from 2012 to 2024.

What are the other streets in Siru Mangadu and their guideline values?

Other streets in Siru Mangadu include Nadu Street and Periya Street, both at Rs 150 per sq.ft, and Kumaran Nagar at Rs 300 per sq.ft. The guideline values for these streets vary, with the highest being Rs 528 per sq.ft.

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

For a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft, the total guideline value is 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.

Where is the Sub Registrar Office for Mettu Street located?

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