Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Thirukalukundrem A village, under the Thirukazhukundram SRO, is Rs 1,250 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Class I 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 most recent revision in 2024 set the value at Rs 1,250 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 837 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only recorded values are from 2017, 2023, and 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that have a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Mettu Street's 2024 figure is above this median.

• Mettu Street D.M.Pet: Rs 600 per sq.ft (2024)
• Mattru Pathai: Rs 1,100 per sq.ft (2024)
• Mathulankuppam: Rs 400 per sq.ft (2024)
• M.K.Avenue Sadras Salai: Rs 1,005 per sq.ft (2024)
• Masuthi Street: Rs 805 per sq.ft (2024)
• Mariamman Koil Street: Rs 600 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 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total fees to Rs 1,12,500. 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 Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the authorities. This helps maintain transparency and consistency 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 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,250 per sq.ft from 2023 to 2024. It increased from Rs 837 per sq.ft in 2017 to Rs 1,250 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets with guideline values in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, with rates ranging from Rs 300 to Rs 1,344 per sq.ft. Mettu Street's value is above the median of Rs 600 per sq.ft for the area.

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

The stamp duty for a property on Mettu Street is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,12,500.

Where can I find the Sub Registrar Office for Mettu Street?

The Sub Registrar Office for Mettu Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.