Guideline Value for Nataraja Nayakar Street

Nataraja Nayakar Street guideline value

The current guideline value of Nataraja Nayakar Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nataraja Nayakar Street has changed

The guideline value for Nataraja Nayakar Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision, also at Rs 1,200 per sq.ft. The most recent revision in 2024 continues this figure at Rs 1,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has also increased by 49%. This consistent value from 2023 to 2024 shows stability in the guideline value for Nataraja Nayakar Street.

Guideline values in Gooduvancheri

Gooduvancheri village has a total of 129 streets under the Gooduvancheri SRO with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Nataraja Nayakar Street's value below this median.

• Natarajapuram: Rs 1,200 per sq.ft (2024)
• Naveen Satish Nagar: Rs 1,500 per sq.ft (2024)
• Nehru Street: Rs 1,500 per sq.ft (2024)
• Nakeeran Street: Rs 2,001 per sq.ft (2024)
• Nethaji Street: Rs 1,500 per sq.ft (2024)
• Muthamizhil street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nataraja Nayakar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 information.

Which Sub Registrar Office covers Nataraja Nayakar Street?

The Nataraja Nayakar Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nataraja Nayakar Street?

The current guideline value of Nataraja Nayakar Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining stable at Rs 1,200 per sq.ft from 2023 to 2024.

What are the stamp duty rates for properties in Nataraja Nayakar Street?

The stamp duty rate for properties in Nataraja Nayakar Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

What is the median guideline value in Gooduvancheri?

The median guideline value in Gooduvancheri is Rs 1,500 per sq.ft, which is higher than the guideline value of Nataraja Nayakar Street.