Guideline Value for Natarajan Street

Natarajan Street guideline value

The current guideline value of Natarajan Street in Pammal village, under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of Natarajan Street has changed

The guideline value for Natarajan Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, reflecting a 49% rise. The current 2024 revision has set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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, which means that Natarajan Street's 2024 figure is below the median.

• Natarajan Street Kalayam Nagar: Rs 1,980 per sq.ft (2024)
• 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 (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

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, making the total fees together Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natarajan Street?

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

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

The guideline value is a crucial factor when registering properties in Pammal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented at a fair value as determined by the local government.

When a property is sold, the guideline value is referenced to determine the minimum value at which the property can be registered. This ensures transparency in property transactions and helps in maintaining an accurate record of property values in the region.

Frequently asked questions

What is the current guideline value of Natarajan Street?

The current guideline value of Natarajan Street 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 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification of Natarajan Street?

Natarajan Street is classified as Residential Class II Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

How is stamp duty calculated for properties on Natarajan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can also find your SRO online for more information.