Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Ulunthai 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 undergone several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 150 per sq.ft. In 2017, the guideline value decreased to Rs 100 per sq.ft, marking a reduction of 33%. However, this figure increased by 50% to Rs 150 per sq.ft in 2023, and it has remained unchanged at Rs 150 per sq.ft in the 2024 revision.

There are no figures available for Mettu Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen no change.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 426 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the current guideline value for Mettu Street.

• Muthiriyar Street: Rs 150 per sq.ft (2024)
• Mandhaiveli Street: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 150 per sq.ft (2024)
• Main Road: Rs 150 per sq.ft (2024)
• Logaiya Naidu Avenue: Rs 285 per sq.ft (2024)
• Little Orchars: 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 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, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor in property transactions in Ulunthai. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. The guideline value reflects the government's assessment of property values in the area.

When a property is bought or sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are collected by the authorities.

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 has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023 and remains the same in 2024.

What is the median guideline value in Ulunthai?

The median guideline value for the 27 streets in Ulunthai is Rs 150 per sq.ft, which is the same as the guideline value for Mettu Street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500 and a registration fee of Rs 3,000, totaling Rs 13,500.

Which office handles registrations for Mettu Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Mettu Street, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.