Guideline Value for Natco Colony West Cross Street

Natco Colony West Cross Street guideline value

The current guideline value for Natco Colony West Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Natco Colony West Cross Street has changed

The guideline value for Natco Colony West Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 384 per sq.ft, which increased significantly to Rs 457 per sq.ft in 2003. The value continued to rise, reaching Rs 2,000 per sq.ft in 2007, followed by a notable increase to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017.

From 2017 to 2023, the guideline value saw a substantial increase to Rs 3,500 per sq.ft, and then it rose again to the current value of Rs 3,900 per sq.ft in 2024. The changes between these revisions are noteworthy, with a total increase of 916% from 2002 to 2024.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is also the current value for Natco Colony West Cross Street.

• Natco Colony South Street: Rs 3,900 per sq.ft (2024)
• Natco Colony West Street: Rs 3,900 per sq.ft (2024)
• Natco Colony North Street: Rs 3,900 per sq.ft (2024)
• Natco Colony Middle Street: Rs 3,900 per sq.ft (2024)
• Natco Colony Main Road: Rs 3,900 per sq.ft (2024)
• Natco colony Anna Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Natco Colony West Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It's 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 Natco Colony West Cross Street?

The Sub Registrar Office covering Natco Colony West Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Kottivakkam. It is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the established rates.

When buying or selling property, the guideline value is referenced to ensure compliance with local regulations. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for Natco Colony West Cross Street?

The current guideline value for Natco Colony West Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 384 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 916% over the years.

What is the median guideline value for streets in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, which is the same as the current value for Natco Colony West Cross Street.

What are the stamp duty and registration fees for property in Natco Colony West Cross Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 39,00,000, the total fees would amount to Rs 3,51,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles registrations for properties in the area.