Guideline Value for Natarajan Salai

Natarajan Salai guideline value

The current guideline value of Natarajan Salai is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Natarajan Salai has changed

The guideline value for Natarajan Salai has seen several revisions over the years. In 2003, the guideline value was Rs 125 per sq.ft, which increased to Rs 200 per sq.ft in 2007. This marked a significant rise of 60%. The value then surged dramatically to Rs 1,800 per sq.ft in 2012, reflecting an increase of 800%. However, it dropped to Rs 1,206 per sq.ft in 2017, indicating a decrease of 33%. The latest revision in 2024 has set the guideline value at Rs 1,900 per sq.ft, representing an increase of 58% from the previous figure.

It is important to note that the register has no figures for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,420%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,400 per sq.ft, positioning Natarajan Salai's 2024 figure below this median.

• Narayaniam Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Narasuram Cross Street: Rs 2,400 per sq.ft (2024)
• Nannool Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Nanjil Nagar: Rs 1,100 per sq.ft (2024)
• Nandhini Nagar: Rs 990 per sq.ft (2024)
• Nammazhvar Street (Senthil Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the guideline value totals Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, resulting in a total of Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Natarajan Salai?

The Natarajan Salai falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value is used to calculate these fees, which are mandatory for property registration.

When you buy or sell property in Thirumullaivoyal, it is essential to refer to the latest guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Natarajan Salai?

The current guideline value of Natarajan Salai is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 125 per sq.ft in 2003 to Rs 1,900 per sq.ft in 2024, marking an overall increase of 1,420% over this period.

What are the stamp duty and registration fees for properties in Natarajan Salai?

For a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 19,00,000. The stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Natarajan Salai?

The Ambattur Sub Registrar Office is responsible for registrations in Natarajan Salai, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.

What is the land classification for Natarajan Salai?

Natarajan Salai is classified as Residential Class II Type - I, which indicates its suitability for residential development within the area.