Guideline Value for Natarajan Street

Natarajan Street guideline value

The current guideline value of Natarajan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, falling under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Natarajan Street has changed

Over the years, the guideline value of Natarajan Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,010 per sq.ft, marking a drop of 33%. Subsequently, in the 2023 revision, the value increased to Rs 3,000 per sq.ft, and then further rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Natarajan Street's 2024 figure above this median.

• Narmadha Street: Rs 1,650 per sq.ft (2024)
• Narasimhan Street: Rs 1,650 per sq.ft (2024)
• Narashima Pallavan Street: Rs 2,750 per sq.ft (2024)
• Nakkiran Street: Rs 1,100 per sq.ft (2024)
• Nehru Street: Rs 1,650 per sq.ft (2024)
• Najeeb Avenue 4th Street: Rs 1,650 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natarajan Street?

The Sub Registrar Office that covers Natarajan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Chitlapakkam, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This value serves as a benchmark for property transactions, ensuring that the government receives the appropriate revenue from property sales.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of these values can help in planning the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Natarajan Street?

The current guideline value of Natarajan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Natarajan Street?

The land classification for Natarajan Street is Residential Class I Type - I.

Which Sub Registrar Office covers Natarajan Street?

The Tambaram Joint 1 Sub Registrar Office covers Natarajan Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000.