Guideline Value

Corporate

Guideline Value for Natesan Nagar 5th Main Road

₹4950/sq.ft.

The guideline value for Natesan Nagar 5th 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 5th Main Road

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Natesan Nagar 5th Main Road guideline value

The current guideline value of Natesan Nagar 5th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This street 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 5th Main Road has changed

The guideline value for Natesan Nagar 5th Main Road has seen several revisions over the years. Starting from Rs 586 per sq.ft in 2002, it increased to Rs 651 per sq.ft in 2003, marking an 11% rise. The value further surged to Rs 2,100 per sq.ft in 2007, reflecting a significant increase of 223%. In 2012, the guideline value was recorded at Rs 4,500 per sq.ft, which was a 114% increase from the previous revision. However, it then decreased to Rs 3,015 per sq.ft in 2017, showing a decline of 33%. The value climbed to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,950 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 745%. The register has no figures for any other years not listed above.

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, and the 2024 guideline value for Natesan Nagar 5th Main Road is above this median.

Stamp duty and registration fee for property in Natesan Nagar 5th 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 amounts to Rs 49,50,000. The stamp duty at 7% would be 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 duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Natesan Nagar 5th Main Road?

The Natesan Nagar 5th Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chenchery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the higher of the guideline value and the sale price is used to calculate the applicable duties. This process ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Natesan Nagar 5th Main Road?

The current guideline value of Natesan Nagar 5th 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 from Rs 586 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 745% over this period.

What is the stamp duty rate for properties in Natesan Nagar 5th Main Road?

The stamp duty rate for properties in Natesan Nagar 5th Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Natesan Nagar 5th Main Road?

The Virugambakkam Sub Registrar Office covers Natesan Nagar 5th Main Road and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the registration fees for property transactions in Natesan Nagar 5th Main Road?

The registration fee for property transactions in Natesan Nagar 5th Main Road is 2% of the guideline value or sale price, whichever is higher.