Guideline Value for Natesan Nagar

Natesan Nagar guideline value

The current guideline value of Natesan Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Industries Type - I.

How the guideline value of Natesan Nagar has changed

The guideline value for Natesan Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest revision in 2024 saw a further increase to Rs 2,750 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. Natesan Nagar's 2024 figure is above this median.

• Nehru Street: Rs 1,100 per sq.ft (2024)
• Nalliappan Nagar: Rs 880 per sq.ft (2024)
• Nalappalli Salai: Rs 1,300 per sq.ft (2024)
• New Anna Nagar: Rs 1,700 per sq.ft (2024)
• New Century Nagar: Rs 1,400 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Natesan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Natesan Nagar?

The Sub Registrar Office covering Natesan Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for all property transactions.

Frequently asked questions

What is the current guideline value of Natesan Nagar?

The current guideline value of Natesan Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the land classification of Natesan Nagar?

Natesan Nagar is classified as Industries Type - I under the Konnur SRO.

What are the other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam include Nehru Street, Nalliappan Nagar, Nalappalli Salai, New Anna Nagar, New Century Nagar, and NolamburRoad, each with their respective guideline values for 2024.

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

The Sub Registrar Office for Natesan Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.