Guideline Value for Sivanthangal Mettu Street

Sivanthangal Mettu Street guideline value

The current guideline value of Sivanthangal Mettu Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sivanthangal Mettu Street has changed

The guideline value for Sivanthangal Mettu Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 700 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 and 2023 revisions both stand at Rs 700 per sq.ft, indicating stability in the guideline value for the recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are a total of 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sivanthangal Mettu Street.

• Sivanthangal Main Salai: Rs 800 per sq.ft (2024)
• Sivanthangal Palla Street: Rs 700 per sq.ft (2024)
• Sivanthangal Road: Rs 1,200 per sq.ft (2024)
• Sivanthangal Bajanai Koil Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IInd Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthangal Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sivanthangal Mettu Street?

The Sub Registrar Office that covers Sivanthangal Mettu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is used to determine the applicable charges, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sivanthangal Mettu Street?

The current guideline value of Sivanthangal Mettu Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Sivanthangal Mettu Street?

Sivanthangal Mettu Street is classified as Residential Class III Type - I. This classification is important for determining the uses and regulations applicable to the property.

Where can I find the Sub Registrar Office for Sivanthangal Mettu Street?

The Sub Registrar Office for Sivanthangal Mettu Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sivanthangal Mettu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at the rate of 7%.