Guideline Value for Natarajan Street Block 85

Natarajan Street Block 85 guideline value

The current guideline value for Natarajan Street Block 85 is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class IV Type - I.

How the guideline value of Natarajan Street Block 85 has changed

The guideline value for Natarajan Street Block 85 has seen significant changes over the years. In 2007, the guideline value was Rs 800 per sq.ft. This increased to Rs 2,512 per sq.ft in 2017, marking a substantial rise of 214%. The value then continued to rise to Rs 3,750 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 4,100 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 413%.

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, placing Natarajan Street Block 85's current value below the median.

• Natarajan Street (Saidai Sampandan Street near): 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 Block 85

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total to 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.

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

Which Sub Registrar Office covers Natarajan Street Block 85?

The Sub Registrar Office that covers Natarajan Street Block 85 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 more information.

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

The guideline value is a critical factor during the registration of property transactions in Kodambakkam. It serves as a reference for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value for Natarajan Street Block 85?

The current guideline value for Natarajan Street Block 85 is Rs 4,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 800 per sq.ft to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413% over the years.

What is the classification of Natarajan Street Block 85?

Natarajan Street Block 85 is classified as Residential Class IV Type - I under the Ashok Nagar SRO.

Where can I find the Sub Registrar Office for Natarajan Street Block 85?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty for properties in Kodambakkam is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during the registration process.