Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Sekkadu village, Avadi SRO, is Rs 1,075 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

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 1,000 per sq.ft, which then dropped to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 1,075 per sq.ft, marking an 8% increase from 2023.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. However, there are no figures available for the revisions in 2002, 2003, and 2007 for Mettu Street.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, indicating that Mettu Street's current value is below this median.

• Mettu Sekkadu: Rs 1,075 per sq.ft (2024)
• Mejastic Residency: Rs 1,075 per sq.ft (2024)
• Mariyamman Koil Street Kudiyiruppu: Rs 1,075 per sq.ft (2024)
• M.T.H.Road: Rs 2,250 per sq.ft (2024)
• Main Road: Rs 2,250 per sq.ft (2024)
• Kumaran Nagar: Rs 1,075 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 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, while the registration fee at 2% would be Rs 21,500. Together, the total fees would be Rs 96,750. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Sekkadu. It is used to determine the stamp duty and registration fees, which are essential costs involved in the property transaction process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the land classification of Mettu Street?

Mettu Street falls under the Residential Class II Type - II land classification.

Where can I find the registration office for Mettu Street?

The registration office covering Mettu Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.