Guideline Value for DR. NATESAN ROAD

Dr. Natesan Road guideline value

The current guideline value of Dr. Natesan Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dr. Natesan Road has changed

The guideline value for Dr. Natesan Road has seen significant changes over the years. In 2002, the value was Rs 1,458 per sq.ft, which increased to Rs 1,852 per sq.ft in 2003, marking a 27% rise. By 2007, the value surged to Rs 2,365 per sq.ft, reflecting a 28% increase. The value then jumped dramatically to Rs 12,000 per sq.ft in 2012, showing a remarkable 407% increase. However, from 2012 to 2017, the value decreased to Rs 8,040 per sq.ft, indicating a decline of 33%. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, which is a 64% increase from 2017.

It is important to note that there is no figure available for the year 2023 for Dr. Natesan Road. Overall, from 2002 to 2024, the guideline value has increased by 805%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Dr. Natesan Road's 2024 figure above this median.

• Dr.Radhakrishnan 1st Street: Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 2nd Street: Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 3rd Street: Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 4th Lane: Rs 25,800 per sq.ft (2024)
• Dr. Radhakrishnan 4th Street: Rs 25,800 per sq.ft (2024)
• Dr. Radhakrishnan 5th Street: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Natesan Road

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value totals Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Natesan Road?

The Sub Registrar Office that covers Dr. Natesan Road is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the appropriate stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies. The registration office uses this value to calculate taxes and fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Dr. Natesan Road?

The current guideline value of Dr. Natesan Road is Rs 13,200 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 1,458 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, showing an overall increase of 805%.

What are the stamp duty rates for properties on Dr. Natesan Road?

The stamp duty rate for properties on Dr. Natesan Road is 7%, which is calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office is responsible for Dr. Natesan Road?

The Mylapore Sub Registrar Office is responsible for Dr. Natesan Road, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

Where can I find more information about guideline values in Mylapore?

For more information about guideline values in Mylapore, you can refer to the Mylapore SRO's official records or visit the relevant registration department's website.