Guideline Value for NATHAM NADU STREET

Natham Nadu Street guideline value

The current guideline value of Natham Nadu Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Natham Nadu Street has changed

Looking at the revisions, the guideline value for Natham Nadu Street was Rs 1,200 per sq.ft in 2023, which increased to Rs 1,320 per sq.ft in 2024, marking a change of +10%. Prior to this, in 2017, the value was Rs 804 per sq.ft, reflecting a significant increase of +49% to reach the 2023 figure. The register has no figures for the years 2002, 2003, and 2007.

In the earlier revision of 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017, a change of -33%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Natham Nadu Street's current guideline value is below this median.

• Natham Mettu Street: Rs 1,320 per sq.ft (2024)
• Natham Colony: Rs 1,100 per sq.ft (2024)
• Navalar Nedunjezijyan Street: Rs 2,200 per sq.ft (2024)
• Murugesanar Street: Rs 2,200 per sq.ft (2024)
• Old Police Line: Rs 1,650 per sq.ft (2024)
• Osrumman Kovil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Natham Nadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would amount to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 details.

Which Sub Registrar Office covers Natham Nadu Street?

The Sub Registrar Office covering Natham Nadu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Natham Nadu Street?

The current guideline value of Natham Nadu Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a +10% increase. It was Rs 804 per sq.ft in 2017, reflecting a +49% increase to the 2023 figure.

What is the land classification for Natham Nadu Street?

Natham Nadu Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 1,18,800.

Where is the Sub Registrar Office for Natham Nadu Street located?

The Sub Registrar Office for Natham Nadu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.