Guideline Value for Nataraja Nayakar Street

Nataraja Nayakar Street guideline value

The current guideline value of Nataraja Nayakar Street is Rs 1,500 per sq.ft. 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 Nayakar Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the guideline value increased to Rs 1,500 per sq.ft, reflecting a rise of 49%.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Nataraja Nayakar Street is classified under the Gooduvancheri SRO. Other streets in Vandalur include:

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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be 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 important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nataraja Nayakar Street?

The current guideline value of Nataraja Nayakar 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,500 per sq.ft in the 2023 revision, resulting in an overall change of 0% from 2012 to 2023.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Nataraja Nayakar Street?

The Gooduvancheri Sub Registrar Office handles registrations for Nataraja Nayakar Street. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur provided with specific guideline values in the available data.