Guideline Value

Corporate

Guideline Value for NATESAN NAGAR PHASE I

₹2200/sq.ft.

The guideline value for Natesan Nagar Phase I in Paleripattu village (Avadi SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Mixed Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2000 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Phase I

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Natesan Nagar Phase I guideline value

The current guideline value of Natesan Nagar Phase I is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Paleripattu village and falls under the Avadi SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Natesan Nagar Phase I has changed

The guideline value for Natesan Nagar Phase I has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, from 2023 to 2024, the guideline value increased by 10% to Rs 2,200 per sq.ft, marking an overall increase of 10% from the 2017 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only available revisions are from 2017, 2023, and the current 2024 revision.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for this village is Rs 990 per sq.ft, making Natesan Nagar Phase I's 2024 figure of Rs 2,200 per sq.ft notably above that median.

Stamp duty and registration fee for property in Natesan Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is calculated at 7%, which totals Rs 1,54,000, while the registration fee at 2% comes to Rs 44,000. Thus, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Natesan Nagar Phase I?

The Natesan Nagar Phase I area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Paleripattu. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When selling a property, the seller must ensure that the sale price is in line with the guideline value to avoid any discrepancies during the registration process. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Natesan Nagar Phase I?

The current guideline value of Natesan Nagar Phase I is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, and then it increased to Rs 2,200 per sq.ft in 2024. This marks a 10% increase from 2023 to 2024 and an overall increase of 10% from 2017 to 2024.

What are the other guideline values in Paleripattu?

In Paleripattu, other streets have a guideline value of Rs 990 per sq.ft in 2024, while Natesan Nagar Phase I has a significantly higher value of Rs 2,200 per sq.ft.

What fees are associated with buying property in Natesan Nagar Phase I?

When buying property in Natesan Nagar Phase I, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles property registration for Natesan Nagar Phase I?

The Avadi Sub Registrar Office handles property registration for Natesan Nagar Phase I. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.