Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Uthiramerur village, under the Uthiramerur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I 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 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, there was a decrease to Rs 670 per sq.ft in the 2017 revision. The value remained unchanged at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 900%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Mettu Street's 2024 guideline value of Rs 1,000 per sq.ft is above this median.

• Mettu Kalani: Rs 700 per sq.ft (2024)
• M.G.R. Nagar: Rs 700 per sq.ft (2024)
• Midhuan Garden: Rs 300 per sq.ft (2024)
• Mishin School Street: Rs 1,500 per sq.ft (2024)
• M.P.Nagar: Rs 700 per sq.ft (2024)
• Mugamadhiyar sandhu: Rs 1,500 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu Street?

Mettu Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value, as it influences the total costs involved in the registration process. It is essential to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the registration office for Mettu Street?

The registration office for Mettu Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mettu Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the stamp duty would be Rs 70,000.

What is the land classification for Mettu Street?

Mettu Street is classified as Residential Class I Type - I, which is relevant for determining the guideline value and property usage.