Guideline Value for NATTAN THOTTAM

Nattan Thottam guideline value

The current guideline value of Nattan Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Nattan Thottam has changed

The guideline value for Nattan Thottam has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 783 per sq.ft. It increased to Rs 870 per sq.ft in 2003, which was a rise of 11%. The value further increased to Rs 1,000 per sq.ft in 2007, marking a significant jump of 15%.

In 2012, the guideline value changed to Rs 3,000 per sq.ft, reflecting a substantial increase of 200%. However, it then decreased to Rs 2,010 per sq.ft in 2017, which was a decline of 33%. The value was revised again in 2023 to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, an increase of 10% from the previous year. There are no figures available for Nattan Thottam in the revisions for years not listed.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Nattan Thottam's 2024 figure below that median.

• Nattu Muthu Kumarappa Mudali Street: Rs 8,800 per sq.ft (2024)
• Nattu Subbaraya Mudali 1st Lane: Rs 8,800 per sq.ft (2024)
• Nattu Subbaraya Mudali Street: Rs 8,800 per sq.ft (2024)
• Nattu Subbraya Mudali 2nd Lane: Rs 8,800 per sq.ft (2024)
• Nattu Veerachi Mudali Street: Rs 8,800 per sq.ft (2024)
• Natesan Colony: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nattan Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value comes to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the 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 more information.

Which Sub Registrar Office covers Nattan Thottam?

The Sub Registrar Office that covers Nattan Thottam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Nattan Thottam?

The current guideline value of Nattan Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 783 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 321% over the years.

What are the stamp duty and registration fees for property in Nattan Thottam?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Nattan Thottam?

The Mylapore Sub Registrar Office handles registrations for Nattan Thottam, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions. It serves as a reference point for property transactions in the area.