Guideline Value for Nataraja Koil Street

Nataraja Koil Street guideline value

The current guideline value of Nataraja Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nataraja Koil Street has changed

Since the 2002 revision, the guideline value for Nataraja Koil Street has seen significant changes. The value started at Rs 281 per sq.ft in 2002 and increased to Rs 305 per sq.ft in 2003. Following this, it rose to Rs 700 per sq.ft in 2007, marking a 130% increase from the previous revision. The value then surged to Rs 2,500 per sq.ft in 2012, which was a 257% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The guideline value then increased to Rs 2,500 per sq.ft in 2023, followed by a rise to the current value of Rs 2,700 per sq.ft in 2024, representing an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 861%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Nataraja Koil Street.

• Neelathottam 1st Street: Rs 2,700 per sq.ft (2024)
• Neelathottam 2nd Street: Rs 2,700 per sq.ft (2024)
• Neelathottam 3rd Street: Rs 2,700 per sq.ft (2024)
• Neelathottam 4th Street: Rs 2,700 per sq.ft (2024)
• Neelathottam 5th Street: Rs 2,700 per sq.ft (2024)
• Murugesan Gramani Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nataraja Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nataraja Koil Street?

The Sub Registrar Office that covers Nataraja Koil Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sembiam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the costs associated with the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. This means that understanding the guideline value can help you plan your budget effectively when engaging in property transactions in Sembiam.

Frequently asked questions

What is the current guideline value of Nataraja Koil Street?

The current guideline value of Nataraja Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 281 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 861% over this period.

What are the stamp duty and registration fees for properties in Nataraja Koil Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles the registration for Nataraja Koil Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for Nataraja Koil Street.

What is the land classification of Nataraja Koil Street?

Nataraja Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.