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Guideline Value

Corporate

Guideline Value for Natesan Nagar 2nd Cross Street

₹4400/sq.ft.

The guideline value for Natesan Nagar 2nd 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 2nd Cross Street

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Natesan Nagar 2nd Cross Street guideline value

The current guideline value of Natesan Nagar 2nd 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. The land classification for this area is Residential Class I Type - II.

How the guideline value of Natesan Nagar 2nd Cross Street has changed

The guideline value for Natesan Nagar 2nd Cross Street has seen several revisions over the years. In 2002, the value was Rs 586 per sq.ft, which increased to Rs 651 per sq.ft in 2003, marking an 11% rise. The value continued to grow significantly, reaching Rs 2,100 per sq.ft in 2007, a substantial increase of 223%. In 2012, the value was Rs 4,000 per sq.ft, reflecting a 90% increase from the previous revision. However, it fell to Rs 2,680 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 4,000 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the years not listed in the register 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 value is Rs 4,400 per sq.ft, making the guideline value of Natesan Nagar 2nd Cross Street equal to this median.

Stamp duty and registration fee for property in Natesan Nagar 2nd 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, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natesan Nagar 2nd Cross Street?

The Natesan Nagar 2nd Cross Street falls under the jurisdiction of 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 an important 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 appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a fair valuation process.

Frequently asked questions

What is the current guideline value of Natesan Nagar 2nd Cross Street?

The current guideline value of Natesan Nagar 2nd 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 several times, with the most recent revision in 2024 showing an increase of 10% from Rs 4,000 per sq.ft in 2023. The overall increase from 2002 to 2024 is 651%.

What is the land classification for Natesan Nagar 2nd Cross Street?

The land classification for Natesan Nagar 2nd Cross Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Natesan Nagar 2nd Cross Street?

The Sub Registrar Office for Natesan Nagar 2nd Cross Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Natesan Nagar 2nd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.