Guideline Value for Natco colony Anna Street

Natco colony Anna Street guideline value

The current guideline value for Natco colony Anna Street is Rs 3,900 per sq.ft. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Natco colony Anna Street has changed

The guideline value for Natco colony Anna Street has undergone several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it saw a decrease to Rs 2,345 per sq.ft in 2017. The value then rose significantly to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 95%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Natco colony Anna Street for 2024.

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

Stamp duty and registration fee for property in Natco colony Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Natco colony Anna Street?

The Sub Registrar Office covering Natco colony Anna Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kottivakkam. It serves as a benchmark for the registration of property transactions, ensuring that properties are registered at a value that reflects the current market conditions as determined by the state authorities.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the registration process. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Natco colony Anna Street?

The current guideline value of Natco colony Anna 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 from Rs 2,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 95% over this period.

What are the stamp duty and registration fees for properties in Natco colony?

For a property valued at Rs 39,00,000, the stamp duty is Rs 2,73,000 and the registration fee is Rs 78,000, totaling Rs 3,51,000.

Which office handles property registrations for Natco colony?

The Adayar Sub Registrar Office handles property registrations for Natco colony Anna Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Natco colony Anna Street?

Natco colony Anna Street is classified as Residential Class II Type - I, indicating its suitability for residential development.