Guideline Value for Dr. Natesan Salai

Dr. Natesan Salai guideline value

The current guideline value of Dr. Natesan Salai is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Mixed Type - II land.

How the guideline value of Dr. Natesan Salai has changed

The guideline value for Dr. Natesan Salai has undergone several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it then dropped to Rs 4,690 per sq.ft in 2017. Following this, the value rose sharply to Rs 7,000 per sq.ft in 2023, and currently stands at Rs 7,700 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The value surged by 479% from 2007 to 2012, and overall, from 2007 to 2024, there has been an increase of 536% in the guideline value.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Dr. Natesan Salai's 2024 figure above this median.

• Dr. P.T. Rajan Salai: Rs 9,900 per sq.ft (2024)
• Dr. Lakshmanasamy Salai: Rs 8,800 per sq.ft (2024)
• Dr. Radhakrishnan Street (JPT): Rs 4,100 per sq.ft (2024)
• Dr. Rajamannar Salai: Rs 8,800 per sq.ft (2024)
• Dr. Kannu Nagar N.S.C. Bose Street: Rs 2,200 per sq.ft (2024)
• Dr. Kannu Nagar Main road (N.P): Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 more details.

Which Sub Registrar Office covers Dr. Natesan Salai?

The Sub Registrar Office that covers Dr. Natesan Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Frequently asked questions

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

The current guideline value of Dr. Natesan Salai is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting significant increases and some decreases in various years.

What is the land classification for Dr. Natesan Salai?

Dr. Natesan Salai is classified as Mixed Type - II land, which indicates a blend of residential and commercial uses.

How is stamp duty calculated for properties in Dr. Natesan Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at a rate of 7%.

Where is the Sub Registrar Office for Dr. Natesan Salai located?

The Sub Registrar Office for Dr. Natesan Salai is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.