Guideline Value for NATARAJAN NAGAR EXTENSION

Natarajan Nagar Extension guideline value

The current guideline value of Natarajan Nagar Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Commercial Special Type - I.

How the guideline value of Natarajan Nagar Extension has changed

In the 2017 revision, the guideline value was set at Rs 2,680 per sq.ft. The most recent revision in 2024 has seen a significant increase to Rs 4,400 per sq.ft, marking a change of +64% from the previous figure. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

Comparing the revisions, the 2017 value of Rs 2,680 per sq.ft was the only figure before the 2024 revision. The substantial increase reflects the current guideline value in the context of other streets in the area.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median value is Rs 1,600 per sq.ft, which means Natarajan Nagar Extension's 2024 figure of Rs 4,400 per sq.ft is above that median.

• Natarajan Nagar: Rs 1,300 per sq.ft (2024)
• Natarajan Nagar (Ward-11): Rs 1,300 per sq.ft (2024)
• Natesan Mari St (Ward No.2): Rs 2,200 per sq.ft (2024)
• Natesan Nagar: Rs 2,200 per sq.ft (2024)
• Narayanasamy thottam (Ward No.22): Rs 1,600 per sq.ft (2024)
• Natesan Nagar Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the 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 Natarajan Nagar Extension?

The Natarajan Nagar Extension falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions in the area.

When buying or selling property, the guideline value helps ensure that transactions are conducted at a fair value as determined by the local authorities. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Natarajan Nagar Extension?

The current guideline value of Natarajan Nagar Extension is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft, which is a change of +64%.

Are there any revisions without figures for Natarajan Nagar Extension?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for Natarajan Nagar Extension.

What is the classification of Natarajan Nagar Extension?

Natarajan Nagar Extension is classified as Commercial Special Type - I under the Madhavaram SRO.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.