Guideline Value

Corporate

Guideline Value for NATARAJAN STREET

₹1950/sq.ft.

The guideline value for Natarajan Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1950 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹304 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Natarajan Street

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Natarajan Street guideline value

The current guideline value of Natarajan Street in Ramapuram village is Rs 1,950 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class III Type - I.

How the guideline value of Natarajan Street has changed

The guideline value of Natarajan Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 245 per sq.ft, which increased to Rs 304 per sq.ft in 2003, marking a 24% rise. The value saw a significant jump of 196% to Rs 900 per sq.ft in 2007. Following this, the value increased to Rs 1,750 per sq.ft in 2012, reflecting a 94% increase. However, there was a decrease of 33% to Rs 1,172 per sq.ft in 2017. The guideline value then rose to Rs 1,750 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,950 per sq.ft, which is an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 696%. The register does not have figures for years other than those listed above.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. Natarajan Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Natarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total fees together to Rs 1,75,500. 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 Natarajan Street?

The Sub Registrar Office that covers Natarajan Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Ramapuram, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the costs involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it affects the overall financial aspects of the property transaction. The guideline value serves as a benchmark for the registration process, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Natarajan Street?

The current guideline value of Natarajan Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 245 per sq.ft in 2002 to Rs 1,950 per sq.ft in 2024, reflecting an overall increase of 696% over the years.

What is the registration office for Natarajan Street?

The registration office for Natarajan Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Natarajan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 at a rate of 7%.

What are the other streets in Ramapuram with similar guideline values?

Other streets in Ramapuram with a guideline value of Rs 1,950 per sq.ft include Natarajan Salai and Natchatira Street, while other streets like Natesa Nagar 1st Lane have a higher value of Rs 2,750 per sq.ft.