Guideline Value for Mettu Theru

Mettu Theru guideline value

The current guideline value of Mettu Theru in Mettupalayam village is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Mettu Theru has changed

Over the years, the guideline value for Mettu Theru has seen several revisions. The 2012 revision recorded a guideline value of Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2023 revision also maintained this value, with no change noted from 2023 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Mettu Theru. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, which is the same as Mettu Theru's current guideline value.

• M.G.R Street: Rs 181 per sq.ft (2024)
• Manthaivelli Street: Rs 181 per sq.ft (2024)
• Manthaivelli Amman Theru: Rs 181 per sq.ft (2024)
• Palash: Rs 500 per sq.ft (2024)
• PalliKooda Street: Rs 200 per sq.ft (2024)
• Palnallur Road: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Mettu Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, making the total costs Rs 16,290. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Theru?

Mettu Theru is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mettupalayam. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mettu Theru?

The current guideline value of Mettu Theru is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mettu Theru has seen several revisions, with the most recent change being from Rs 181 per sq.ft in 2023 to Rs 181 per sq.ft in 2024, indicating no change. The value increased from Rs 121 per sq.ft in 2017 to Rs 181 per sq.ft in 2023.

What is the classification of land in Mettu Theru?

Mettu Theru is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.

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

For a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 and the registration fee would be Rs 3,620, totaling Rs 16,290. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mettu Theru?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find more details online.