Guideline Value for NATHAM METTU STREET

Natham Mettu Street guideline value

The current guideline value of Natham Mettu Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Natham Mettu Street has changed

The guideline value for Natham Mettu Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in 2023, marking a 10% rise. Looking back further, the value was Rs 804 per sq.ft in 2017, which shows a significant increase of 49% by 2023. In 2012, the value was Rs 1,200 per sq.ft, which was a decrease of 33% from 2017.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Chengalpattu Natham

In total, there are 88 streets in Chengalpattu Natham under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Natham Mettu Street's 2024 figure below that median.

• Natham Nadu Street: Rs 1,320 per sq.ft (2024)
• Natham Colony: Rs 1,100 per sq.ft (2024)
• Navalar Nedunjezijyan Street: Rs 2,200 per sq.ft (2024)
• Murugesanar Street: Rs 2,200 per sq.ft (2024)
• Old Police Line: Rs 1,650 per sq.ft (2024)
• Osrumman Kovil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Natham Mettu Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that 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 information.

Which Sub Registrar Office covers Natham Mettu Street?

The Sub Registrar Office that covers Natham Mettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Natham Mettu Street?

The current guideline value of Natham Mettu Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, with various revisions in between, including Rs 1,200 in 2023 and Rs 1,200 in 2012.

What is the registration office for Natham Mettu Street?

The registration office for Natham Mettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Natham Mettu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400.

What is the land classification for Natham Mettu Street?

The land classification for Natham Mettu Street is Residential Class I Type - II, which indicates its designated use for residential purposes.