Guideline Value for Natarajan Street Kalayam Nagar

Natarajan Street Kalayam Nagar guideline value

The current guideline value of Natarajan Street Kalayam Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Natarajan Street Kalayam Nagar has changed

The guideline value for Natarajan Street Kalayam Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 274 per sq.ft, which increased to Rs 360 per sq.ft in 2007, marking a change of +31%. By 2017, the value rose significantly to Rs 1,206 per sq.ft, reflecting an increase of +235%. The 2023 revision set the value at Rs 1,800 per sq.ft, a +49% increase from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, a +10% rise from 2023.

It is important to note that there are no recorded figures for the years 2002 and 2012 for Natarajan Street Kalayam Nagar. Overall, from 2003 to 2024, the guideline value has increased by +623%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Natarajan Street Kalayam Nagar's 2024 figure below the median.

• Natarajan Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street (M) VOC Nagar: Rs 2,750 per sq.ft (2024)
• Natarajan Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Natarajan Street: Rs 1,980 per sq.ft (2024)
• Natarajan Street (S.G.) / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Natarajan Street / Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Street Kalayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Natarajan Street Kalayam Nagar?

The Natarajan Street Kalayam Nagar falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pammal. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased. Buyers and sellers should be aware that the guideline value is a critical factor in the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Natarajan Street Kalayam Nagar?

The current guideline value of Natarajan Street Kalayam Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 274 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, showing an overall increase of +623% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Natarajan Street Kalayam Nagar?

The Pammal Sub Registrar Office handles registrations for Natarajan Street Kalayam Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets in Pammal with guideline values?

Yes, there are several other streets in Pammal with varying guideline values. For instance, Natarajan Street, Muthamiaz Nagar is valued at Rs 2,475 per sq.ft, while Natarajan Street (M) VOC Nagar is at Rs 2,750 per sq.ft.