Guideline Value for Nataraj Street, Dr. Ambedhkar Nagar

Nataraj Street, Dr. Ambedhkar Nagar guideline value

The current guideline value of Nataraj Street, Dr. Ambedhkar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Nataraj Street, Dr. Ambedhkar Nagar has changed

According to the guideline value register, the revision history for Nataraj Street shows that the 2017 revision set the value at Rs 1,206 per sq.ft. The latest revision in 2024 has increased this value to Rs 1,980 per sq.ft, marking a significant change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value for Nataraj Street has seen a substantial increase from the 2017 revision to the 2024 revision. The absence of figures for the previous years indicates that the value remained unchanged or was not assessed during those revisions.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which means Nataraj Street's current value of Rs 1,980 per sq.ft is below the median.

• Natarajan Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street (S.G.) / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Natarajan Street (M) VOC Nagar: Rs 2,750 per sq.ft (2024)
• Natarajan Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street Kalayam Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nataraj Street, Dr. Ambedhkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, the total cost for these fees would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nataraj Street, Dr. Ambedhkar Nagar?

The Sub Registrar Office that covers Nataraj Street, Dr. Ambedhkar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a reference point for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, making it essential for both buyers and sellers to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value of Nataraj Street, Dr. Ambedhkar Nagar?

The current guideline value of Nataraj Street, Dr. Ambedhkar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased by +64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024.

Are there any revisions for Nataraj Street in the years 2023, 2012, 2007, 2003, or 2002?

No figures are available for Nataraj Street in the years 2023, 2012, 2007, 2003, and 2002 according to the guideline value register.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft for the year 2024, which is higher than the guideline value for Nataraj Street.

How are stamp duty and registration fees calculated for properties in Nataraj Street?

Stamp duty is charged at 7% and the registration fee at 2% based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,78,200.