Guideline Value for Natarajan Thottam

Natarajan Thottam guideline value

The current guideline value of Natarajan Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Natarajan Thottam has changed

The guideline value register for Natarajan Thottam shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is set at Rs 1,700 per sq.ft.

Since there are no figures for the previous years, it can be noted that the guideline value has remained at Rs 1,700 per sq.ft from the 2024 revision with no changes recorded in the previous revisions.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Natarajan Thottam's 2024 figure below that median.

• Narendran Thottam: Rs 1,700 per sq.ft (2024)
• Natesan Thottam: Rs 1,700 per sq.ft (2024)
• Narayanasamy Naicker Main Road: Rs 2,800 per sq.ft (2024)
• NARAYANASAMY NAICKER 5th STREET: Rs 2,800 per sq.ft (2024)
• NARAYANASAMY NAICKER 4th STREET: Rs 2,800 per sq.ft (2024)
• NARAYANASAMY NAICKER 3rd STREET: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajan Thottam

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, together totaling Rs 1,53,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Natarajan Thottam?

The Sub Registrar Office that covers Natarajan Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Natarajan Thottam?

The current guideline value of Natarajan Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

What land classification does Natarajan Thottam fall under?

Natarajan Thottam is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

How many streets are there in Sholinganallur - 1?

There are 754 streets in Sholinganallur - 1 that carry a guideline value for the year 2024.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is higher than the guideline value of Natarajan Thottam.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.