Guideline Value for kundru mettu street

Kundru Mettu Street guideline value

The current guideline value of Kundru Mettu Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Siru Mathoor village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kundru Mettu Street has changed

The guideline value for Kundru Mettu Street has seen several revisions over the years. The earliest available revision is from 2012, where the value was Rs 600 per sq.ft. In 2017, it decreased to Rs 402 per sq.ft, reflecting a change of -33%. However, by 2023, the value returned to Rs 600 per sq.ft, and it remained unchanged in the 2024 revision, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained static at Rs 600 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kundru Mettu Street. The 2023 revision also maintained the value at Rs 600 per sq.ft, showing no increase from the previous year. The significant change occurred between 2017 and 2023, where the value increased by 49% from Rs 402 per sq.ft to Rs 600 per sq.ft.

Guideline values in Siru Mathoor

Siru Mathoor village has a total of 24 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value across these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Kundru Mettu Street.

• Kulakkarai street: Rs 600 per sq.ft (2024)
• Metro Green Grove House: Rs 600 per sq.ft (2024)
• Mullai Nagar: Rs 600 per sq.ft (2024)
• Jayamangalam Nagar: Rs 250 per sq.ft (2024)
• Osuramman Koil street: Rs 600 per sq.ft (2024)
• Oviar Gramam: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kundru Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kundru Mettu Street?

The Sub Registrar Office that covers Kundru 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 Siru Mathoor

The guideline value plays a crucial role in the registration process of property transactions in Siru Mathoor. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is registered at a fair value as per the government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kundru Mettu Street?

The current guideline value of Kundru Mettu Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 402 per sq.ft in 2017, marking a -33% change from 2012, but returned to Rs 600 per sq.ft by 2023.

What are the other streets in Siru Mathoor with similar guideline values?

Other streets in Siru Mathoor with the same guideline value of Rs 600 per sq.ft include Kulakkarai street, Metro Green Grove House, Mullai Nagar, and Osuramman Koil street.

What is the registration fee for properties in Kundru Mettu Street?

The registration fee for properties is calculated based on the guideline value. For example, for a property valued at Rs 6,00,000, the registration fee would be Rs 12,000 at a rate of 2%.

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

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