Guideline Value for NATESAN NAGAR MAIN ROAD

Natesan Nagar Main Road guideline value

The current guideline value of Natesan Nagar Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Natesan Nagar Main Road has changed

The guideline value for Natesan Nagar Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose significantly to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft as of the 2024 revision. The changes between these revisions are as follows: from 2007 to 2012, there was a 50% increase, followed by a 33% decrease from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally rose by 10% from 2023 to 2024.

There are no figures available for the revisions in 2002 and 2003 for this street in the register.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Natesan Nagar Main Road is below this median.

• Natesan Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Natesan Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Natesan Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Natesan Nagar: Rs 1,650 per sq.ft (2024)
• Nathan Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Mount Poonamallee Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Natesan Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to 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, totaling Rs 1,48,500. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Natesan Nagar Main Road?

The Natesan Nagar Main Road is covered 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. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process of property transactions in Iyyappanthangal. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It helps in ensuring transparency and fairness in property transactions, as it is based on the prevailing market conditions and historical data.

Frequently asked questions

What is the current guideline value of Natesan Nagar Main Road?

The current guideline value of Natesan Nagar Main Road 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 1,000 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What is the registration office for Natesan Nagar Main Road?

The registration office for Natesan Nagar Main Road is 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.

What are the stamp duty rates for properties in Iyyappanthangal?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find more information about stamp duty and registration fees?

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