Guideline Value for Mettukuppam Bajanai Koil Street

Mettukuppam Bajanai Koil Street guideline value

The current guideline value of Mettukuppam Bajanai Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Mettukuppam Bajanai Koil Street has changed

The guideline value for Mettukuppam Bajanai Koil Street has undergone several revisions over the years. The earliest available figure is from 2007, where it was Rs 600 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a 350% rise. However, it dropped to Rs 1,809 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,700 per sq.ft in 2023, followed by a further increase to Rs 2,970 per sq.ft in 2024, reflecting a 10% change from the previous year.

Between the revisions, the overall change from 2007 to 2024 is an increase of 395%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Mogalivakkam

Mogalivakkam has a total of 98 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,970 per sq.ft, which is the same as the current value for Mettukuppam Bajanai Koil Street.

• Mettukuppam: Rs 2,970 per sq.ft (2024)
• Mm Avenue: Rs 3,600 per sq.ft (2024)
• Maris Avenue: Rs 6,600 per sq.ft (2024)
• Mariamman Koil Street: Rs 2,970 per sq.ft (2024)
• Maragatham Chandrasekar Nagar: Rs 2,970 per sq.ft (2024)
• Manapakkam Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Mettukuppam Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, while the registration fee at 2% would be Rs 59,400, totaling Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettukuppam Bajanai Koil Street?

The Sub Registrar Office that covers Mettukuppam Bajanai Koil 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 Mogalivakkam

The guideline value is crucial during property transactions in Mogalivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate the applicable stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Mettukuppam Bajanai Koil Street?

The current guideline value of Mettukuppam Bajanai Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles property registration for Mettukuppam Bajanai Koil Street?

The Kunrathur Sub Registrar Office handles property registration for Mettukuppam Bajanai Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Mettukuppam Bajanai Koil Street?

The land classification for Mettukuppam Bajanai Koil Street is Residential Special Type - I.