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Guideline Value

Corporate

Guideline Value for Natesan Nagar 6th Cross Street

₹4400/sq.ft.

The guideline value for Natesan Nagar 6th 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 6th Cross Street

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Natesan Nagar 6th Cross Street guideline value

The current guideline value of Natesan Nagar 6th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Natesan Nagar 6th Cross Street has changed

The guideline value for Natesan Nagar 6th 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 increase of 11%. The value then surged significantly to Rs 2,100 per sq.ft in 2007, reflecting a growth of 223%. Following that, the value rose to Rs 4,000 per sq.ft in 2012, a notable increase of 90%. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and most recently, it has risen to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Throughout these revisions, the guideline value has shown a substantial overall increase of 651% from 2002 to 2024. The register has no figures for the years not mentioned in the revisions.

Guideline values in Chenchery

In Chenchery village, there are 44 streets under the Virugambakkam SRO that carry a 2024 guideline value figure, ranging from Rs 2,750 to Rs 7,700 per sq.ft, with the median being Rs 4,400 per sq.ft. The guideline value of Natesan Nagar 6th Cross Street aligns with this median.

Stamp duty and registration fee for property in Natesan Nagar 6th 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 amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling 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 6th Cross Street?

The Natesan Nagar 6th 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 transactions in Chenchery. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value as per the government regulations.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers and sellers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Natesan Nagar 6th Cross Street?

The current guideline value of Natesan Nagar 6th 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, showing an overall increase of 651% over the years.

What is the land classification for Natesan Nagar 6th Cross Street?

Natesan Nagar 6th Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Natesan Nagar 6th Cross Street?

The Sub Registrar Office covering Natesan Nagar 6th Cross Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property transactions?

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.