Guideline Value for Natarajan Street (A.P. Natarajan Street)

Natarajan Street (A.P. Natarajan Street) guideline value

The current guideline value of Natarajan Street (A.P. Natarajan Street) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Natarajan Street (A.P. Natarajan Street) has changed

The guideline value register for Natarajan Street (A.P. Natarajan Street) does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

As there are no changes recorded between the revisions, the 2024 figure remains the only guideline value for this street. This value aligns with the median guideline value for the area, which is also Rs 2,750 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with 2024 guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, which is the same as the guideline value for Natarajan Street (A.P. Natarajan Street).

• Narayanapuram, Ram Nagar South: Rs 2,750 per sq.ft (2024)
• Narayanapuram/Kubera Nagar 8th Street: Rs 3,850 per sq.ft (2024)
• Narayanapuram: Rs 3,850 per sq.ft (2024)
• Narayanaapuram 8th Street: Rs 3,850 per sq.ft (2024)
• Nanjil Street: Rs 2,200 per sq.ft (2024)
• Neelamegan Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Street (A.P. Natarajan Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Natarajan Street (A.P. Natarajan Street)?

The Sub Registrar Office that covers Natarajan Street (A.P. Natarajan Street) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration of property transactions in Madipakkam-1. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Natarajan Street?

The current guideline value of Natarajan Street (A.P. Natarajan Street) is Rs 2,750 per sq.ft, effective from 1 July 2024.

What is the land classification for Natarajan Street?

Natarajan Street (A.P. Natarajan Street) is classified as Residential Class I Type - III.

How many streets are there in Madipakkam-1?

There are 1,823 streets in Madipakkam-1 under the Velacheri SRO that carry a 2024 guideline value.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is the same as the guideline value for Natarajan Street.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.