Guideline Value for SANDAI METTU STREET

Sandai Mettu Street guideline value

The current guideline value of Sandai Mettu Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Sandai Mettu Street has changed

The guideline value for Sandai Mettu Street has seen several revisions over the years. The 2007 revision set the value at Rs 350 per sq.ft, which increased significantly to Rs 1,500 per sq.ft during the 2012 revision. However, this was followed by a decrease to Rs 1,005 per sq.ft in 2017. From 2017 to 2023, the value rose by 49%, maintaining the same figure of Rs 1,500 per sq.ft in 2023 and again in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 329%.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, positioning Sandai Mettu Street above this median.

• Sannadhi Street: Rs 1,500 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 800 per sq.ft (2024)
• Rajammal Street: Rs 1,100 per sq.ft (2024)
• Rajaji Street: Rs 1,500 per sq.ft (2024)
• Railway Station Street (West Side From G.S.T.): Rs 1,500 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sandai 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 would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Sandai Mettu Street?

The Sub Registrar Office that covers Sandai 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 further assistance.

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

The guideline value serves as a benchmark for property transactions in SingaperumalKoil, ensuring that properties are registered at a fair value. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

Additionally, the guideline value helps in determining the market dynamics and provides a reference point for buyers and sellers during negotiations. It is crucial for both parties to be aware of the guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Sandai Mettu Street?

The current guideline value of Sandai 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 from Rs 350 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017. It has remained at Rs 1,500 per sq.ft from 2017 to 2024.

What is the median guideline value in SingaperumalKoil?

The median guideline value in SingaperumalKoil is Rs 1,100 per sq.ft based on the 2024 figures of 33 streets in the village.

What are the stamp duty rates for properties in Sandai Mettu Street?

The stamp duty rate for properties in Sandai Mettu Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sandai Mettu Street located?

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