Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in 5. Athipattu village, under the Konnur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I 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 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,600 per sq.ft, representing a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are a total of 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft as per the 2024 revision. The median value for this area is Rs 2,200 per sq.ft, indicating that Mettu Street's 2024 figure is below this median.

• M.G.R. Nagar: Rs 1,100 per sq.ft (2024)
• Meenakshi Avenue: Rs 4,400 per sq.ft (2024)
• Masuthi Street (Chelliamman): Rs 2,200 per sq.ft (2024)
• Mariamman Street: Rs 1,600 per sq.ft (2024)
• Mariammankoil Street (Kuppam): Rs 1,600 per sq.ft (2024)
• Manimuthu Aaru(ICF): Rs 2,400 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total charges to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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 Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor during the registration of property transactions in 5. Athipattu. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is bought or sold, the guideline value helps in determining the legal and financial obligations associated with the transaction. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mettu Street?

The current guideline value of Mettu Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, reflecting a total increase of 59% over this period.

What is the registration office for Mettu Street?

The registration office for Mettu Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, which is higher than the current guideline value of Mettu Street.