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Guideline Value

Corporate

Guideline Value for NATESAN NAGAR 3RD STREET

₹1650/sq.ft.

The guideline value for Natesan Nagar 3rd Street in Iyyappanthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Iyyappanthangal

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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
044-29510536
[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 Natesan Nagar 3rd Street

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Natesan Nagar 3rd Street guideline value

The current guideline value of Natesan Nagar 3rd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village under the Chennai South Joint I SRO, and it falls under Residential Class IV Type - I land classification.

How the guideline value of Natesan Nagar 3rd Street has changed

The guideline value for Natesan Nagar 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and most recently, it rose to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Iyyappanthangal

Iyyappanthangal has 134 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Natesan Nagar 3rd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Natesan Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Natesan Nagar 3rd Street?

The Natesan Nagar 3rd Street falls under the Chennai South Joint I Sub Registrar Office located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Iyyappanthangal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the government and is regularly revised to reflect changes in the real estate market.

When registering a property, buyers must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the appropriate taxes are levied based on the higher amount, safeguarding the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value of Natesan Nagar 3rd Street?

The current guideline value of Natesan Nagar 3rd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the median guideline value in Iyyappanthangal?

The median guideline value in Iyyappanthangal is Rs 2,200 per sq.ft, which is higher than the current guideline value of Natesan Nagar 3rd Street.

What are the stamp duty and registration fees for properties in Natesan Nagar 3rd Street?

For a 1,000 sq.ft property, the total guideline value is Rs 16,50,000, with a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Natesan Nagar 3rd Street?

The registration for Natesan Nagar 3rd Street is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.