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Guideline Value

Corporate

Guideline Value for Natesan Nagar 3rd Main Road

₹4950/sq.ft.

The guideline value for Natesan Nagar 3rd Main Road in Chenchery village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chenchery

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹651 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹586 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Natesan Nagar 3rd Main Road

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Natesan Nagar 3rd Main Road guideline value

The current guideline value of Natesan Nagar 3rd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Natesan Nagar 3rd Main Road has changed

The guideline value of Natesan Nagar 3rd Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 586 per sq.ft. This increased to Rs 651 per sq.ft in 2003, marking an increase of 11%. The value continued to rise significantly, reaching Rs 2,100 per sq.ft in 2007, which represents a 223% increase from the previous year. In 2012, the value was Rs 4,500 per sq.ft, showing a 114% increase from 2007. However, it decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 4,500 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has set the value at Rs 4,950 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 745%.

Guideline values in Chenchery

In Chenchery village, there are 44 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Natesan Nagar 3rd Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Natesan Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. Together, the total cost for these fees would be Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Natesan Nagar 3rd Main Road?

The Natesan Nagar 3rd Main Road falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chenchery. It determines the minimum value at which property transactions are registered, ensuring transparency and compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the revenue generated from property transactions is consistent and fair.

Frequently asked questions

What is the current guideline value of Natesan Nagar 3rd Main Road?

The current guideline value of Natesan Nagar 3rd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 586 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 745% over the years.

What are the other streets in Chenchery and their guideline values?

Other streets in Chenchery include Natesan Nagar 3rd Cross Street, Natesan Nagar 4th Cross Street, Natesan Nagar 4th Main Road, Natesan Nagar 5th Cross Street, Natesan Nagar 2nd Main Road, and Natesan Nagar 5th Main Road, with values ranging from Rs 4,400 to Rs 4,950 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a property valued at Rs 49,50,000, the total fees would amount to Rs 4,45,500.

Where can I find the Sub Registrar Office for Natesan Nagar 3rd Main Road?

The Sub Registrar Office covering Natesan Nagar 3rd Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find more information through the provided link.