Guideline Value for Nataraja Naicker Street

Nataraja Naicker Street guideline value

The current guideline value of Nataraja Naicker Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Nataraja Naicker Street has changed

Over the years, the guideline value for Nataraja Naicker Street has seen several revisions. In the 2007 revision, the guideline value was set at Rs 550 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 173%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the previous revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 173%.

Guideline values in Vandalur

Nataraja Naicker Street is part of the Vandalur area, where the guideline value per sq.ft is currently set at Rs 1,500. Unfortunately, no specific figures for other streets in Vandalur under the Gooduvancheri SRO have been provided.

Stamp duty and registration fee for property in Nataraja Naicker Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nataraja Naicker Street?

The Sub Registrar Office that covers Nataraja Naicker Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

Buyers and sellers should be aware that the guideline value is used to calculate the total costs associated with the transaction. This ensures that all parties are informed about the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Nataraja Naicker Street?

The current guideline value of Nataraja Naicker Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2023 bringing it back to Rs 1,500 per sq.ft. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Nataraja Naicker Street?

The land classification for Nataraja Naicker Street is Residential Special Type - I. This classification indicates the intended use of the land in this area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nataraja Naicker Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 15,00,000, leading to a stamp duty of Rs 1,05,000.