Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Noombal village, under the Kunrathur SRO, is Rs 2,420 per sq.ft, effective from 1 July 2024. The land classification for this street is Commercial Class I Type - III.

How the guideline value of Mettu Street has changed

The guideline value for Mettu Street has experienced significant changes over the years. In the 2003 revision, the value was Rs 139 per sq.ft. This increased dramatically to Rs 1,474 per sq.ft in the 2017 revision, marking a 960% rise. The next revision in 2023 saw the value further increase to Rs 2,200 per sq.ft, representing a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figures for Mettu Street in the years 2002, 2007, and 2012.

Guideline values in Noombal

In Noombal, there are 164 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Mettu Street's 2024 figure above this median.

• Menaka Estate: Rs 2,090 per sq.ft (2024)
• Mazudhi Street: Rs 2,090 per sq.ft (2024)
• Moogambigai Nagar: Rs 2,860 per sq.ft (2024)
• Mariyamman Koil Street: Rs 2,090 per sq.ft (2024)
• Moogambigai Nagar 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Moogambigai Nagar Ist Cross Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Street

For a 1,000 sq.ft plot at the current rate of Rs 2,420 per sq.ft, the guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, totaling Rs 2,17,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office that covers Mettu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on an official valuation.

When a property is sold, the guideline value helps establish a fair price for the transaction, which is essential for both buyers and sellers. It provides a standardized measure that can be relied upon 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 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 139 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, representing an overall increase of 1641%.

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

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Mettu Street?

The Kunrathur Sub Registrar Office covers Mettu Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about guideline values in Noombal?

For more information on guideline values in Noombal, you can refer to the official registration department's guideline value register or visit the Kunrathur SRO.