Guideline Value for Dr.Natesa MudaliStreet

Dr.Natesa MudaliStreet guideline value

The current guideline value of Dr.Natesa MudaliStreet is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Dr.Natesa MudaliStreet has changed

The guideline value for Dr.Natesa MudaliStreet has undergone several revisions over the years. The 2002 revision recorded a guideline value of Rs 827 per sq.ft, which increased to Rs 912 per sq.ft in 2003, marking a 10% rise. The value further escalated significantly to Rs 2,000 per sq.ft in 2007, reflecting a 119% increase. However, in 2012, the value dropped to Rs 2,600 per sq.ft, a decrease of 33%. The 2017 revision saw a return to growth, with the value rising to Rs 1,742 per sq.ft, which later increased to Rs 2,600 per sq.ft in 2023, before reaching the current rate of Rs 2,800 per sq.ft in 2024, an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 239%. There are no revisions with figures missing for this street in the register.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, indicating that Dr.Natesa MudaliStreet's current figure is below the median.

• Dr.NairSalai: Rs 13,400 per sq.ft (2024)
• Dr.Muniyappa Road: Rs 13,400 per sq.ft (2024)
• Dr.Muniyappa Cross Street: Rs 9,300 per sq.ft (2024)
• Driver Street: Rs 7,100 per sq.ft (2024)
• Dr.Santhosam Nagar: Rs 2,800 per sq.ft (2024)
• Dr.Gurusamy Mudali Road: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Natesa MudaliStreet

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Dr.Natesa MudaliStreet?

The Sub Registrar Office that covers Dr.Natesa MudaliStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during property registration in Egmore. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Dr.Natesa MudaliStreet?

The current guideline value of Dr.Natesa MudaliStreet is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 827 per sq.ft in 2002 to the current Rs 2,800 per sq.ft in 2024, marking an overall increase of 239% over this period.

What is the land classification for Dr.Natesa MudaliStreet?

The land classification for Dr.Natesa MudaliStreet is Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Dr.Natesa MudaliStreet?

The Sub Registrar Office for Dr.Natesa MudaliStreet is located at 1103, Poonamallee High Road, Chennai-600 003. You can find more details through the provided link.

How is stamp duty calculated for properties in Dr.Natesa MudaliStreet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.