Guideline Value for NATTRANGAL ST

Nattrangal St guideline value

The current guideline value of Nattrangal St in Walajabad village, under the Walajabad SRO, is Rs 750 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Nattrangal St has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. Following this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 750 per sq.ft. The changes between the revisions show a 49% increase from 2017 to 2023, while there was a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value is Rs 750 per sq.ft, which is equal to the 2024 figure for Nattrangal St.

• Neru Kavadikara Street: Rs 750 per sq.ft (2024)
• Neru Nager Balavinagar Street: Rs 500 per sq.ft (2024)
• Neru Nager Karikara Street: Rs 750 per sq.ft (2024)
• Neru Nager Kilalkarta Street: Rs 500 per sq.ft (2024)
• Neru Nager Kusnikara Street: Rs 750 per sq.ft (2024)
• Neru Nager Madha Koil Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Nattrangal St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total cost of Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nattrangal St?

Nattrangal St is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Walajabad, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nattrangal St?

The current guideline value of Nattrangal St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent figures being Rs 750 per sq.ft in both the 2023 and 2024 revisions. The value decreased to Rs 502 per sq.ft in 2017 from Rs 750 per sq.ft in 2012.

What is the land classification for Nattrangal St?

Nattrangal St is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for Nattrangal St?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 7,50,000, the total fees would amount to Rs 67,500.

Which office handles registrations for Nattrangal St?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles registrations for Nattrangal St.