Guideline Value for Saneeshvarar kovil Street

Saneeshvarar kovil Street guideline value

The current guideline value of Saneeshvarar kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Saneeshvarar kovil Street has changed

Looking at the historical revisions, the guideline value for Saneeshvarar kovil Street has seen several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, the 2023 revision brought the value back to Rs 200 per sq.ft, and this figure remained the same in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, placing Saneeshvarar kovil Street's 2024 figure above this median.

• Ramar Kovil Street: Rs 200 per sq.ft (2024)
• Smart City: Rs 500 per sq.ft (2024)
• Smart City Phase-2: Rs 900 per sq.ft (2024)
• Ragallamman kovil Street: Rs 181 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)
• SriGayathiri Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Saneeshvarar kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% amounts to Rs 14,000, and the registration fee at 2% is Rs 4,000, making a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saneeshvarar kovil Street?

The Saneeshvarar kovil Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Saneeshvarar kovil Street?

The current guideline value of Saneeshvarar kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision set at Rs 200 per sq.ft, dropping to Rs 134 per sq.ft in 2017, and then returning to Rs 200 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 18,000, based on the current guideline value of Rs 2,00,000.

Which office handles property registrations for Saneeshvarar kovil Street?

The Sunguvarchattram Sub Registrar Office handles property registrations for Saneeshvarar kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, impacting the calculation of stamp duty and registration fees during property transactions.