Guideline Value for Natesan Nagar 1st Street

Natesan Nagar 1st Street guideline value

The current guideline value of Natesan Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO. The land classification for this area is Residential Class IV Type - I.

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

The guideline value register for Natesan Nagar 1st Street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

As per the 2024 revision, there have been no changes in the guideline value for this street compared to previous years. The register has not provided any figures for the earlier revisions, indicating a lack of recorded values for this street in those years.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value range from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 4,800 per sq.ft, placing Natesan Nagar 1st Street's 2024 figure below that median.

• Natesan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Naval Hospital 10th lane: Rs 3,300 per sq.ft (2024)
• Naval Hospital 11th lane: Rs 3,300 per sq.ft (2024)
• Naval Hospital 12th lane: Rs 3,300 per sq.ft (2024)
• Naval Hospital 13th lane: Rs 3,300 per sq.ft (2024)
• Naval Hospital 14th lane: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 1st Street?

The Sub Registrar Office that covers Natesan Nagar 1st Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Vepery. It serves as a benchmark for determining the minimum value of a property, ensuring that the sale price is reflective of the local market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Natesan Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

Are there any previous guideline values for Natesan Nagar 1st Street?

The guideline value register has no figures for Natesan Nagar 1st Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Vepery?

The guideline value of Natesan Nagar 1st Street is Rs 2,700 per sq.ft, which is below the median value of Rs 4,800 per sq.ft for the 290 streets in Vepery under the Periamet SRO.

What are the stamp duty rates for properties in Natesan Nagar 1st Street?

The stamp duty for properties in Natesan Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.

Where is the Sub Registrar Office for Natesan Nagar 1st Street located?

The Sub Registrar Office for Natesan Nagar 1st Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.