Guideline Value for NADU THERU METTUTHERU

Nadu Theru Mettutheru guideline value

The current guideline value of Nadu Theru Mettutheru is Rs 100 per sq.ft, effective from 1 July 2024. This village is part of the Cheyyur SRO and falls under the Residential Class IV Type - II land classification.

How the guideline value of Nadu Theru Mettutheru has changed

In the 2017 revision, the guideline value was set at Rs 33 per sq.ft. This figure remained unchanged until the 2023 revision, where it increased to Rs 100 per sq.ft. The 2024 revision also maintains this value of Rs 100 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 203%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with the median being Rs 101 per sq.ft. The guideline value for Nadu Theru Mettutheru is below this median.

• Nemali Adidravidar Street: Rs 100 per sq.ft (2024)
• Niyayavelaikadai Street: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 101 per sq.ft (2024)
• Matha Koil Main Road: Rs 101 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Nadu Theru Mettutheru

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nadu Theru Mettutheru?

The Sub Registrar Office that covers Nadu Theru Mettutheru is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in the registration process when buying or selling property in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Nadu Theru Mettutheru?

The current guideline value of Nadu Theru Mettutheru is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 33 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 203% increase overall since 2017.

What is the land classification of Nadu Theru Mettutheru?

Nadu Theru Mettutheru is classified as Residential Class IV Type - II, which is relevant for understanding its usage and value.

Which Sub Registrar Office covers this area?

The Cheyyur Sub Registrar Office covers Nadu Theru Mettutheru, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft incurs a total fee of Rs 9,000.