Guideline Value for Natarajapuram

Natarajapuram guideline value

The current guideline value of Natarajapuram, located in Gooduvancheri village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Natarajapuram has changed

The guideline value of Natarajapuram has seen several revisions over the years. In the 2017 revision, the value was set at Rs 804 per sq.ft. This figure remained unchanged in the 2023 and 2024 revisions, both recorded at Rs 1,200 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and 49% overall from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Natarajapuram's 2024 figure of Rs 1,200 per sq.ft is below this median.

• Nataraja Nayakar Street: Rs 1,200 per sq.ft (2024)
• Naveen Satish Nagar: Rs 1,500 per sq.ft (2024)
• Nehru Street: Rs 1,500 per sq.ft (2024)
• Nakeeran Street: Rs 2,001 per sq.ft (2024)
• Nethaji Street: Rs 1,500 per sq.ft (2024)
• N.G.O. colony: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Natarajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natarajapuram?

The Sub Registrar Office that covers Natarajapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Gooduvancheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the local property market.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence negotiations and the final sale price. Buyers should ensure that the sale price is not significantly lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Natarajapuram?

The current guideline value of Natarajapuram is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since the 2023 revision, with a significant increase from Rs 804 per sq.ft in the 2017 revision, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Natarajapuram?

Natarajapuram falls under the land classification of Residential Class I Type - I.

What are the stamp duty and registration fees for property in Natarajapuram?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Natarajapuram located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.