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Guideline Value

Corporate

Guideline Value for Natesan Nagar 4th Main Road

₹4950/sq.ft.

The guideline value for Natesan Nagar 4th 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 4th Main Road

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Natesan Nagar 4th Main Road guideline value

The current guideline value of Natesan Nagar 4th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Chenchery village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Natesan Nagar 4th Main Road has changed

The guideline value for Natesan Nagar 4th Main Road has seen significant changes over the years. In 2002, the value was Rs 586 per sq.ft, which increased to Rs 651 per sq.ft in 2003. Following this, the value rose dramatically to Rs 2,100 per sq.ft in 2007, marking an increase of 223%. The value then reached Rs 4,500 per sq.ft in 2012, showing a 114% increase from the previous revision. However, it dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33% before increasing again to Rs 4,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 745%. The register does not have figures for any revisions other than those mentioned for this street.

Guideline values in Chenchery

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

Stamp duty and registration fee for property in Natesan Nagar 4th 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, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natesan Nagar 4th Main Road?

The Natesan Nagar 4th Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chenchery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of purchasing property.

Frequently asked questions

What is the current guideline value of Natesan Nagar 4th Main Road?

The current guideline value of Natesan Nagar 4th 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 increased from Rs 586 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 745% over the years.

What is the land classification for Natesan Nagar 4th Main Road?

Natesan Nagar 4th Main Road is classified as Residential Class I Type - I.

What are the registration fees for a property in Natesan Nagar 4th Main Road?

The registration fees for properties are calculated based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a registration fee of Rs 99,000 at the current guideline value.

Where can I find the Sub Registrar Office for Natesan Nagar 4th Main Road?

The Virugambakkam Sub Registrar Office covers Natesan Nagar 4th Main Road and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.