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Guideline Value

Corporate

Guideline Value for Natesan Nagar West Street

₹4400/sq.ft.

The guideline value for Natesan Nagar West 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 West Street

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Natesan Nagar West Street guideline value

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

How the guideline value of Natesan Nagar West Street has changed

The guideline value for Natesan Nagar West Street has undergone 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 saw a significant rise to Rs 2,100 per sq.ft in 2007, reflecting a 223% increase. Following this, the value rose to Rs 4,000 per sq.ft in 2012, a 90% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, representing a decline of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and finally, it rose to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years not mentioned in this register for Natesan Nagar West Street. Overall, from 2002 to 2024, the guideline value has increased by 651%.

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 value is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Natesan Nagar West Street.

Stamp duty and registration fee for property in Natesan Nagar West 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Natesan Nagar West Street?

The Natesan Nagar West 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 plays a crucial role 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 the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable stamp duty. This ensures that all transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Natesan Nagar West Street?

The current guideline value of Natesan Nagar West 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, reflecting an overall increase of 651% over the years.

What is the land classification for Natesan Nagar West Street?

Natesan Nagar West Street is classified as Residential Class I Type - II.

What are the stamp duty rates applicable for properties in this area?

The stamp duty rate for properties in Natesan Nagar West Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Natesan Nagar West Street?

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