Guideline Value for NATARAJAN NAGAR

Natarajan Nagar guideline value

The current guideline value of Natarajan Nagar, located in Vellivalam village under the Walajabad SRO, is Rs 351 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Natarajan Nagar has changed

The guideline value for Natarajan Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 235 per sq.ft. This figure remained unchanged through the 2023 revision, which also listed the value at Rs 351 per sq.ft. The most recent 2024 revision maintained the same value of Rs 351 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Natarajan Nagar.

Guideline values in Vellivalam

In Vellivalam, there are five streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 351 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Natarajan Nagar's 2024 figure above that median.

• Pkp Garden: Rs 200 per sq.ft (2024)
• Prem Nagar: Rs 200 per sq.ft (2024)
• Ishvaryam nagar: Rs 200 per sq.ft (2024)
• Unknown Layout With Survey No:127,128/3: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 351 per sq.ft, the guideline value amounts to Rs 3,51,000. The stamp duty, charged at 7%, would be Rs 24,570, and the registration fee at 2% would be Rs 7,020, bringing the total fees to Rs 31,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Natarajan Nagar?

Natarajan Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Vellivalam. It is the benchmark used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Natarajan Nagar?

The current guideline value of Natarajan Nagar is Rs 351 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value remained unchanged from 2023 to 2024, while it was Rs 235 per sq.ft in 2017.

What are the other streets in Vellivalam with guideline values?

Other streets in Vellivalam under the Walajabad SRO include Pkp Garden, Prem Nagar, Ishvaryam nagar, and an Unknown Layout With Survey No:127,128/3, all of which have a guideline value of Rs 200 per sq.ft in 2024.

How is stamp duty calculated in Natarajan Nagar?

Stamp duty in Natarajan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Which office handles property registrations in Natarajan Nagar?

The Walajabad Sub Registrar Office handles property registrations in Natarajan Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.