Guideline Value for Nataraja Mudaliar Avenue

Nataraja Mudaliar Avenue guideline value

The current guideline value of Nataraja Mudaliar Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This avenue is located in Pozhichalur village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Nataraja Mudaliar Avenue has changed

The guideline value for Nataraja Mudaliar Avenue has seen several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased to Rs 670 per sq.ft in 2017, representing a change of +68%. The next revision in 2023 raised the value to Rs 1,000 per sq.ft, marking a significant increase of +49% from the previous revision. The current value of Rs 1,100 per sq.ft, effective from 1 July 2024, reflects a +10% increase from the 2023 figure.

There are no figures available in the register for the years 2002, 2003, and 2012 regarding this street. Overall, from 2007 to 2024, the guideline value has increased by +175%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making Nataraja Mudaliar Avenue's current guideline value below the median.

• Natesan Street: Rs 1,100 per sq.ft (2024)
• Narasimha Nagar: Rs 2,200 per sq.ft (2024)
• Nedunchiyan Street: Rs 1,100 per sq.ft (2024)
• NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR): Rs 2,750 per sq.ft (2024)
• Namazhvar Street: Rs 1,320 per sq.ft (2024)
• Nehru Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Nataraja Mudaliar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. 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 precise calculations.

Which Sub Registrar Office covers Nataraja Mudaliar Avenue?

The Nataraja Mudaliar Avenue is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, under the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value serves as a benchmark for assessing the value of the property. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the sale or purchase process.

Frequently asked questions

What is the current guideline value of Nataraja Mudaliar Avenue?

The current guideline value of Nataraja Mudaliar Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Nataraja Mudaliar Avenue?

Nataraja Mudaliar Avenue is classified as Residential Class II Type - I.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Which office should I approach for registration in Pozhichalur?

The Pammal Sub Registrar Office covers Nataraja Mudaliar Avenue. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.