Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Natesan Nagar 1st Cross Street

₹4400/sq.ft.

The guideline value for Natesan Nagar 1st Cross Street in Chenchery village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chenchery

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 1st Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Natesan Nagar 1st Cross Street guideline value

The current guideline value for Natesan Nagar 1st Cross Street is Rs 4,400 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 - II.

How the guideline value of Natesan Nagar 1st Cross Street has changed

The guideline value for Natesan Nagar 1st Cross Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 586 per sq.ft. This increased to Rs 651 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 2,100 per sq.ft in 2007, reflecting a substantial increase of 223%. In 2012, the value was Rs 4,000 per sq.ft, which was a 90% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 2,680 per sq.ft, which was a drop of 33%. The value then increased again to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value, 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, which is equal to the current value for Natesan Nagar 1st Cross Street.

Stamp duty and registration fee for property in Natesan Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total charges would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Natesan Nagar 1st Cross Street?

The Sub Registrar Office that covers Natesan Nagar 1st Cross Street is 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 plays a crucial role in the registration process when buying or selling property in Chenchery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is referenced to ensure that the appropriate taxes are collected. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Natesan Nagar 1st Cross Street?

The current guideline value of Natesan Nagar 1st Cross Street is Rs 4,400 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 4,400 per sq.ft in 2024, reflecting an overall increase of 651% over the years.

What is the stamp duty rate for properties in Natesan Nagar 1st Cross Street?

The stamp duty rate for properties in Natesan Nagar 1st Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Natesan Nagar 1st Cross Street?

The Sub Registrar Office for Natesan Nagar 1st Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Natesan Nagar 1st Cross Street?

Natesan Nagar 1st Cross Street is classified as Residential Class I Type - II under the guideline value register.