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Guideline Value

Corporate

Guideline Value for Natesan Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Natesan Nagar 4th 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 4th Cross Street

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Natesan Nagar 4th Cross Street guideline value

The current guideline value of Natesan Nagar 4th 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 jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Natesan Nagar 4th Cross Street has changed

The guideline value for Natesan Nagar 4th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the 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 surged significantly to Rs 2,100 per sq.ft in 2007, which was a remarkable increase of 223%. Following this, the 2012 revision saw the value drop to Rs 4,000 per sq.ft, a decrease of 90%. The value then rose again to Rs 2,680 per sq.ft in 2017, an increase of 49%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision in 2024 has increased it to Rs 4,400 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions between 2002 and 2002, 2003 and 2007, or any other years not listed in the register. The overall change from 2002 to 2024 shows an increase of 651% in the guideline value.

Guideline values in Chenchery

In Chenchery village, 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 of Natesan Nagar 4th Cross Street.

Stamp duty and registration fee for property in Natesan Nagar 4th 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 cost for these fees would be 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 detailed calculations.

Which Sub Registrar Office covers Natesan Nagar 4th Cross Street?

The Natesan Nagar 4th Cross Street falls under 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 a critical factor when registering property in Chenchery. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that the state collects appropriate fees during the registration process.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, as it reflects the current market conditions as assessed by the registration authorities.

Frequently asked questions

What is the current guideline value of Natesan Nagar 4th Cross Street?

The current guideline value of Natesan Nagar 4th 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 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 for property in Natesan Nagar 4th Cross Street?

The stamp duty for property in Natesan Nagar 4th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Natesan Nagar 4th Cross Street?

The Sub Registrar Office for Natesan Nagar 4th Cross Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined for properties in Chenchery?

The guideline value for properties in Chenchery is determined by the Registration Department based on various factors, including land classification and market assessments, ensuring that it reflects the current property values in the area.