Guideline Value for Natarajan Street (Saidai Sampandan Street near)

Natarajan Street (Saidai Sampandan Street near) guideline value

The current guideline value of Natarajan Street (Saidai Sampandan Street near) is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Natarajan Street (Saidai Sampandan Street near) has changed

The guideline value for Natarajan Street has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 3,750 per sq.ft. This figure decreased by 33% to Rs 2,512 per sq.ft in the 2017 revision. However, the latest revision in 2024 shows a significant increase of 63%, bringing the guideline value to Rs 4,100 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which means that the guideline value of Natarajan Street is below this median.

• Natarajan Street Block 85: Rs 4,100 per sq.ft (2024)
• Nateem Ali Garden Street: Rs 3,300 per sq.ft (2024)
• Navabharath Colony S.No. 300/4: Rs 3,300 per sq.ft (2024)
• Navalar Nedunchezian Street: Rs 3,300 per sq.ft (2024)
• Navarathina Colony: Rs 3,300 per sq.ft (2024)
• Nayakkamar Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Street (Saidai Sampandan Street near)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. 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 Natarajan Street (Saidai Sampandan Street near)?

The Sub Registrar Office that covers Natarajan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Kodambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Natarajan Street?

The current guideline value of Natarajan Street (Saidai Sampandan Street near) is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2012 to Rs 2,512 per sq.ft in 2017, and then increased to Rs 4,100 per sq.ft in 2024. This reflects a 63% increase from 2017 to 2024.

What is the land classification for Natarajan Street?

Natarajan Street is classified as Residential Class IV Type - I. This classification is important for determining the appropriate uses and regulations for properties in the area.

Where can I find the registration office for Natarajan Street?

The registration office for Natarajan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Natarajan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 4,100 per sq.ft, the total for a 1,000 sq.ft plot would be Rs 41,00,000, leading to a stamp duty of Rs 2,87,000.