Guideline Value for NATARAJA GRAMANI THOTTAM STREET

Nataraja Gramani Thottam Street guideline value

The current guideline value of Nataraja Gramani Thottam Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Nataraja Gramani Thottam Street has changed

The guideline value for Nataraja Gramani Thottam Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value saw a substantial increase from 2017 to 2023, rising by 49% to reach Rs 3,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no registered figures for Nataraja Gramani Thottam Street for the years 2002 and 2003. The overall change from the 2007 revision to the 2024 revision is an increase of 450%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Nataraja Gramani Thottam Street.

• Nandi Odai Street: Rs 2,800 per sq.ft (2024)
• Nehru Nagar: Rs 1,500 per sq.ft (2024)
• Nalla Thanneer Odai Kuppam: Rs 2,150 per sq.ft (2024)
• Nellikkaran Street: Rs 3,300 per sq.ft (2024)
• Nadapai Thottam: Rs 3,300 per sq.ft (2024)
• Nethaji Nagar /Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nataraja Gramani Thottam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nataraja Gramani Thottam Street?

The Nataraja Gramani Thottam Street falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value serves as a reference for determining the minimum value of property for registration purposes in Thiruvottiyur. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value to understand the financial implications of property transactions. The guideline value is updated regularly to reflect changes in the real estate market, and it is advisable to check for the latest figures before making any transactions.

Frequently asked questions

What is the current guideline value of Nataraja Gramani Thottam Street?

The current guideline value of Nataraja Gramani Thottam Street is Rs 3,300 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 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the stamp duty rate for properties in Thiruvottiyur?

The stamp duty rate for properties in Thiruvottiyur is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Nataraja Gramani Thottam Street?

Nataraja Gramani Thottam Street is classified as Residential Special Type - I.