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Guideline Value

Corporate

Guideline Value for Natesan Nagar 7th Cross Street

₹4400/sq.ft.

The guideline value for Natesan Nagar 7th 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 7th Cross Street

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Natesan Nagar 7th Cross Street guideline value

The current guideline value of Natesan Nagar 7th 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 7th Cross Street has changed

The guideline value for Natesan Nagar 7th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 586 per sq.ft. This increased to Rs 651 per sq.ft in 2003, marking an 11% rise. The value then saw a significant increase to Rs 2,100 per sq.ft in 2007, which was a 223% change. Following this, in 2012, the guideline value dropped to Rs 4,000 per sq.ft, reflecting a decrease of 90% from the previous revision.

In 2017, the guideline value rose again to Rs 2,680 per sq.ft, which was a 49% increase from 2012. The most recent revision before the current one was in 2023, where the value was set at Rs 4,000 per sq.ft. The latest revision in 2024 has increased the guideline value to Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

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 guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Natesan Nagar 7th Cross Street.

Stamp duty and registration fee for property in Natesan Nagar 7th 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, bringing the total cost for these fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Natesan Nagar 7th Cross Street?

The Natesan Nagar 7th 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 plays a crucial role in the registration process when buying or selling property in Chenchery. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as per the official register. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Natesan Nagar 7th Cross Street?

The current guideline value of Natesan Nagar 7th 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 a significant increase over the years with various revisions.

What is the land classification for Natesan Nagar 7th Cross Street?

The land classification for Natesan Nagar 7th Cross Street is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Natesan Nagar 7th Cross Street?

The Virugambakkam Sub Registrar Office handles property registrations for Natesan Nagar 7th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.