Guideline Value for NATESAN THOTTAM

Natesan Thottam guideline value

The current guideline value of Natesan Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Natesan Thottam has changed

The guideline value register does not contain figures for Natesan Thottam for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 1,700 per sq.ft.

Since there are no previous figures available for this street, there have been no changes noted between revisions. The 2024 figure stands alone as the first recorded guideline value for Natesan Thottam.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Natesan Thottam's 2024 figure is below this median.

• Natarajan Thottam: Rs 1,700 per sq.ft (2024)
• Narendran Thottam: Rs 1,700 per sq.ft (2024)
• Narayanasamy Naicker Main Road: Rs 2,800 per sq.ft (2024)
• NARAYANASAMY NAICKER 5th STREET: Rs 2,800 per sq.ft (2024)
• NARAYANASAMY NAICKER 4th STREET: Rs 2,800 per sq.ft (2024)
• NARAYANASAMY NAICKER 3rd STREET: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Natesan Thottam

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natesan Thottam?

Natesan Thottam is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the appropriate fees are calculated based on the current rates. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Natesan Thottam?

The current guideline value of Natesan Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

Which Sub Registrar Office covers Natesan Thottam?

Natesan Thottam is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Sholinganallur - 1 with similar guideline values?

Other streets in Sholinganallur - 1 with a guideline value of Rs 1,700 per sq.ft include Natarajan Thottam and Narendran Thottam.

How is the stamp duty calculated for properties in Natesan Thottam?

The stamp duty for properties in Natesan Thottam is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,700 per sq.ft, the stamp duty would be Rs 1,19,000.

Are there any previous guideline values for Natesan Thottam?

The guideline value register does not have figures for Natesan Thottam for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision.