Guideline Value for VANNIA METTU STREET

Vannia Mettu Street guideline value

The current guideline value of Vannia Mettu Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO, classified as Residential Special Type - I.

How the guideline value of Vannia Mettu Street has changed

The guideline value for Vannia Mettu Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 175 per sq.ft. This value saw a significant increase to Rs 1,000 per sq.ft in 2012, marking a rise of 471%. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a decline of 33%. By 2023, the value had increased to Rs 1,000 per sq.ft, and in the latest revision for 2024, it rose again to Rs 1,110 per sq.ft, representing an 11% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Vannia Mettu Street. Overall, from 2007 to 2024, the guideline value has increased by 534%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Vannia Mettu Street is at the median level of this range.

• Vanniayar Pettai Bhagavath Singh Street: Rs 1,110 per sq.ft (2024)
• Vanniyar Pettai Kamban Street: Rs 555 per sq.ft (2024)
• Vanniyar Pettai Narayanan Street: Rs 1,110 per sq.ft (2024)
• Vanniyar Pettai Otthavaadai Street: Rs 1,110 per sq.ft (2024)
• Vedhachalam Nagar: Rs 555 per sq.ft (2024)
• Vadarayan Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Vannia Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, while the registration fee at 2% would be Rs 22,200. Therefore, the total cost for stamp duty and registration would be Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vannia Mettu Street?

The Sub Registrar Office that covers Vannia Mettu Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Vannia Mettu Street?

The current guideline value of Vannia Mettu Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 175 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, marking an overall increase of 534% over the years.

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

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

Which Sub Registrar Office should I visit for transactions in Vannia Mettu Street?

The Madurandakam Sub Registrar Office covers Vannia Mettu Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Vannia Mettu Street?

Vannia Mettu Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.