Guideline Value for Natesa pillai Street

Natesa pillai Street guideline value

The current guideline value of Natesa pillai Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Natesa pillai Street has changed

The guideline value for Natesa pillai Street has seen several revisions over the years. Starting from Rs 142 per sq.ft in 2002, it increased to Rs 153 per sq.ft in 2003. Following this, the value rose significantly to Rs 600 per sq.ft in 2007, and then to Rs 1,800 per sq.ft in 2012. However, it dropped to Rs 1,206 per sq.ft in 2017. In the subsequent revisions, the guideline value increased to Rs 1,800 per sq.ft in 2023 and finally reached Rs 1,900 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 8% from 2002 to 2003, followed by a substantial rise of 292% from 2003 to 2007. After a 200% increase from 2007 to 2012, the value saw a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 6% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,238%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Natesa pillai Street's 2024 guideline value is below this median.

• Nathamuni Street (1st Ward): Rs 1,600 per sq.ft (2024)
• Nathamuni Street (Pudur): Rs 1,600 per sq.ft (2024)
• Narayanasamy Street: Rs 2,400 per sq.ft (2024)
• Nedunchezhiyan Street: Rs 2,400 per sq.ft (2024)
• Narayanan Nagar(Sri kanchi kamachi gardens): Rs 1,400 per sq.ft (2024)
• Nehru Salai (S.V.Nagar): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Natesa pillai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value would be Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total Rs 1,71,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Natesa pillai Street?

The Sub Registrar Office that covers Natesa pillai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property registration.

When a property is sold, the guideline value helps in calculating the applicable taxes and fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Natesa pillai Street?

The current guideline value of Natesa pillai Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 142 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, representing an overall increase of 1,238%.

What is the land classification for Natesa pillai Street?

Natesa pillai Street is classified as Residential Class I Type - I.

What are the stamp duty rates for property in Natesa pillai Street?

The stamp duty is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Natesa pillai Street?

The Sub Registrar Office for Natesa pillai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.