Guideline Value for NATTUKOTTAI CHETTY STREET

Nattukottai Chetty Street guideline value

The current guideline value of Nattukottai Chetty Street is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nattukottai Chetty Street has changed

The guideline value for Nattukottai Chetty Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which then increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 raised the value to Rs 1,099 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for this street in the revisions from the years 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting a significant rise in the value over these years.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Nattukottai Chetty Street's 2024 figure above that median.

• Nehru Nagar: Rs 770 per sq.ft (2024)
• Narasimhalu Swamy Koil Street: Rs 825 per sq.ft (2024)
• Nallathanneerkulam Street: Rs 1,099 per sq.ft (2024)
• Nallakulam Sterrt: Rs 1,099 per sq.ft (2024)
• Nagari Road: Rs 770 per sq.ft (2024)
• Muslim Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Nattukottai Chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, while the registration fee at 2% would be Rs 21,980. Together, these fees would total Rs 98,910. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Nattukottai Chetty Street?

The Sub Registrar Office that covers Nattukottai Chetty Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Tiruttani. It is the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to determine the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to be aware of the guideline value to avoid any unexpected expenses.

Frequently asked questions

What is the current guideline value of Nattukottai Chetty Street?

The current guideline value of Nattukottai Chetty Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,099 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930 and the registration fee would be Rs 21,980, totaling Rs 98,910.

Which office handles property registrations for Nattukottai Chetty Street?

The Thiruttani Sub Registrar Office handles property registrations for Nattukottai Chetty Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

What is the land classification of Nattukottai Chetty Street?

Nattukottai Chetty Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.