Guideline Value for Mettu Street

Mettu Street guideline value

The current guideline value of Mettu Street in Attanthangal village, under the Redhills SRO, is Rs 880 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 experienced significant changes over the years. In 2003, the value was Rs 65 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a rise of 362%. The value then jumped to Rs 800 per sq.ft in 2012, reflecting an increase of 167%. However, from 2012 to 2017, the value decreased by 33% to Rs 536 per sq.ft. The next revision in 2023 saw the value rise to Rs 800 per sq.ft, followed by a 10% increase to the current value of Rs 880 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 1254%. The register has no figure for the year 2002 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value is Rs 880 per sq.ft, and Mettu Street's 2024 figure matches this median.

• Mettu 9th Street: Rs 880 per sq.ft (2024)
• Mettu 8th Street: Rs 880 per sq.ft (2024)
• Mettu 7th Street: Rs 880 per sq.ft (2024)
• Mettu 6th Street: Rs 880 per sq.ft (2024)
• Mettu 5th Street: Rs 880 per sq.ft (2024)
• Mettu 4th Street: Rs 880 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, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Street?

The Sub Registrar Office covering Mettu Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Attanthangal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline 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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 65 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 1254% over this period.

What is the classification of Mettu Street?

Mettu Street is classified as Residential Class I Type - I according to the guideline value register.

Where can I find the registration office for Mettu Street?

The registration office for Mettu Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property in Mettu Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 61,600.