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Guideline Value

Corporate

Guideline Value for Natesan Nagar 3rd Cross Street

₹4400/sq.ft.

The guideline value for Natesan Nagar 3rd 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 3rd Cross Street

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Natesan Nagar 3rd Cross Street guideline value

The current guideline value of Natesan Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Natesan Nagar 3rd Cross Street has changed

The guideline value for Natesan Nagar 3rd Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 586 per sq.ft, which increased to Rs 651 per sq.ft in 2003. The subsequent revisions saw significant increases, with the 2007 revision marking a value of Rs 2,100 per sq.ft, followed by Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The guideline value then rose to Rs 4,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 90% increase from 2007 to 2012, a remarkable 223% increase from 2003 to 2007, and an 11% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 651%.

Guideline values in Chenchery

In Chenchery village, 44 streets under the Virugambakkam SRO have a 2024 guideline value 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, which is equal to the current guideline value of Natesan Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Natesan Nagar 3rd 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 is 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, totaling Rs 3,96,000. It is important to 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 3rd Cross Street?

The Natesan Nagar 3rd Cross Street 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 crucial during property transactions as it determines the amount of stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements when transferring property ownership.

When a property is sold, the guideline value serves as a reference point for the transaction. It is essential for both parties to be aware of the guideline value to facilitate a smooth registration process and avoid any potential disputes regarding the property's value.

Frequently asked questions

What is the current guideline value of Natesan Nagar 3rd Cross Street?

The current guideline value of Natesan Nagar 3rd 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 significantly, starting 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 land classification for Natesan Nagar 3rd Cross Street?

The land classification for Natesan Nagar 3rd Cross Street is Residential Class I Type - II.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Natesan Nagar 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,08,000.