Guideline Value for Mettu street

Mettu street guideline value

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

How the guideline value of Mettu street has changed

The guideline value for Mettu street has undergone several revisions. The earliest recorded value is from 2012 at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017, marking a reduction of 33%. However, from 2017 to 2023, the value increased by 50%, stabilizing at Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for Mettu street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Sigadivakkam

In Sigadivakkam, there are 11 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, indicating that Mettu street's 2024 figure is below this median.

• Kulakkarai Street: Rs 181 per sq.ft (2024)
• Palla street: Rs 181 per sq.ft (2024)
• Kancheepuram Cheenai Road: Rs 500 per sq.ft (2024)
• Kamachiamman Nagar: Rs 226 per sq.ft (2024)
• Bangalore Main Road: Rs 500 per sq.ft (2024)
• Bangalore Hihghway Hitech City: Rs 181 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 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty, calculated at 7%, would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total fees to Rs 16,290. 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 Mettu street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sigadivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Mettu street?

The current guideline value of Mettu street 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 street has seen changes from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then rising to Rs 181 per sq.ft in both 2023 and 2024.

What is the classification of Mettu street?

Mettu street is classified as Residential Class III Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for Mettu street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 16,290, which includes stamp duty and registration fees calculated based on the guideline value.

Which office handles registrations for Mettu street?

The Sunguvarchattram Sub Registrar Office handles registrations for Mettu street, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.