Guideline Value for Church Street (Natham)

Church Street (Natham) guideline value

The current guideline value of Church Street (Natham) is Rs 806 per sq.ft. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Church Street (Natham) has changed

Looking at the revisions, the guideline value for Church Street (Natham) was Rs 600 per sq.ft in 2012. It then increased to Rs 402 per sq.ft in 2017, which was a decrease of 33%. Following this, the value rose significantly to Rs 806 per sq.ft in 2023, marking a 100% increase. The current guideline value of Rs 806 per sq.ft has remained unchanged in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, making the 2024 guideline value for Church Street (Natham) below this median.

• Church Street (Ashok Nagar): Rs 880 per sq.ft (2024)
• christ king Avenue: Rs 1,900 per sq.ft (2024)
• Chouthri Street (Kanadapalayam): Rs 803 per sq.ft (2024)
• Crist Colony (Annai Thearasa 1 to 6 Cross Street): Rs 990 per sq.ft (2024)
• Crist Colony (Annai Thearasa Main Road): Rs 990 per sq.ft (2024)
• Crist Colony ( Dr.Abdulkalam Road): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street (Natham)

For a 1,000 sq.ft plot at the current rate of Rs 806 per sq.ft, the guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, while the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Church Street (Natham)?

The Sub Registrar Office covering Church Street (Natham) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Church Street (Natham)?

The current guideline value of Church Street (Natham) is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 806 per sq.ft in 2023, and remains at Rs 806 per sq.ft in 2024.

What is the land classification for Church Street (Natham)?

Church Street (Natham) is classified as Residential Class III Type - I.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties on Church Street (Natham)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 8,06,000 would incur a stamp duty of Rs 56,420 at 7%.