Guideline Value for NATARAJAPURAM STREET

Natarajapuram Street guideline value

The current guideline value of Natarajapuram Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Natarajapuram Street has changed

The guideline value for Natarajapuram Street has undergone several revisions over the years. In the 2003 revision, the value was Rs 636 per sq.ft, which increased significantly to Rs 950 per sq.ft in 2007. The value saw a remarkable jump to Rs 4,000 per sq.ft in 2012, but then decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, before reaching the current figure of Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 592%. The register has no figure for the year 2002 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 6,000 per sq.ft, placing Natarajapuram Street's 2024 figure below that median.

• Narasimmalu Street: Rs 6,000 per sq.ft (2024)
• Nehru Nagar: Rs 4,400 per sq.ft (2024)
• Nehru Street: Rs 5,000 per sq.ft (2024)
• Nehru Street Ist Lane: Rs 4,400 per sq.ft (2024)
• Naganatha Nagar: Rs 3,300 per sq.ft (2024)
• Nethaji Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natarajapuram Street?

Natarajapuram Street falls under the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Arumbakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the authorities.

When buying or selling property, the guideline value helps to determine the legal sale price, which must be adhered to during the registration process. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Natarajapuram Street?

The current guideline value of Natarajapuram Street is Rs 4,400 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 636 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 592% over that period.

What is the registration fee for property in Natarajapuram Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Arumbakkam with their guideline values?

Other streets in Arumbakkam include Narasimmalu Street at Rs 6,000 per sq.ft, Nehru Nagar and Nehru Street Ist Lane both at Rs 4,400 per sq.ft, and Naganatha Nagar and Nethaji Street at Rs 3,300 per sq.ft.