Guideline Value for Mettu street

Mettu street guideline value

The current guideline value of Mettu street in Thirupachur village, under the Tiruvallur Joint 1 SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - II.

How the guideline value of Mettu street has changed

The guideline value for Mettu street has seen several revisions over the years. The earliest recorded figure in 2007 was Rs 50 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 2900%. However, from 2012 to 2017, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023 and remained unchanged in 2024.

In summary, the guideline value has increased from Rs 50 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, representing an overall increase of 2900%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. Mettu street's current figure of Rs 1,500 per sq.ft is above the median value of Rs 550 per sq.ft for the village.

• Manthoppu street: Rs 550 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)
• Periya Colony-Elliyamman Koil St: Rs 350 per sq.ft (2024)
• Pookara street/kavari street: Rs 1,000 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that 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 Sub Registrar Office that covers Mettu street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirupachur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered the minimum value for the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected 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 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 50 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, with various revisions in between.

What is the land classification for Mettu street?

The land classification for Mettu street is Residential Special Type - II.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000.

Which office handles registrations for Mettu street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Mettu street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.