Guideline Value for Nataraja Street

Nataraja Street guideline value

The current guideline value of Nataraja Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Nataraja Street has changed

The guideline value for Nataraja Street has seen revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, which means Nataraja Street's current guideline value is below this median.

• Navalar Lane: Rs 1,300 per sq.ft (2024)
• Navalar Road: Rs 1,300 per sq.ft (2024)
• Narayanappan Thottam Street: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 9th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 8th Lane: Rs 2,200 per sq.ft (2024)
• Narayanappan Thottam 7th Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nataraja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nataraja Street?

Nataraja Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Nataraja Street?

The current guideline value of Nataraja Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The value was Rs 1,200 per sq.ft in 2012 and is now Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Nataraja Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Nataraja Street?

Nataraja Street is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Nataraja Street?

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