Guideline Value for Natesan Salai

Natesan Salai guideline value

The current guideline value of Natesan Salai is Rs 1,080 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO and falls under the Residential Class IV Type - III land classification.

How the guideline value of Natesan Salai has changed

Over the years, the guideline value of Natesan Salai has seen several revisions. The earliest recorded figure is Rs 156 per sq.ft in 2003, which increased to Rs 300 per sq.ft in 2007. Following this, the value jumped significantly to Rs 1,000 per sq.ft in 2012, but then dropped to Rs 670 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023, and as of the latest revision in 2024, the guideline value stands at Rs 1,080 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a substantial increase of 49%. The value decreased by 33% from 2012 to 2017, while it surged by 233% from 2007 to 2012. Between 2003 and 2007, the increase was 92%. Overall, from 2003 to 2024, the guideline value has risen by 592%. The register has no figure for this street in 2002.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value for the area is Rs 2,530 per sq.ft, placing Natesan Salai's 2024 figure below this median.

• Nandhi Nagar: Rs 1,980 per sq.ft (2024)
• MK Nagar & Extn.,: Rs 2,160 per sq.ft (2024)
• Pallavan Nagar: Rs 1,980 per sq.ft (2024)
• Pallavan Nagar 1 To 3 Cross Street: Rs 1,980 per sq.ft (2024)
• Pallavaram Duraipakkam Link Road (200 Feet Road): Rs 3,300 per sq.ft (2024)
• Pallavarm Thuraipakkam Radieal Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Natesan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,080 per sq.ft, the total guideline value would be Rs 10,80,000. The stamp duty at 7% would amount to Rs 75,600, and the registration fee at 2% would be Rs 21,600, resulting in a total cost of Rs 97,200. It is important to 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 further calculations.

Which Sub Registrar Office covers Natesan Salai?

The Sub Registrar Office that covers Natesan Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kilkattalai

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of Natesan Salai?

The current guideline value of Natesan Salai is Rs 1,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 156 per sq.ft in 2003 to Rs 1,080 per sq.ft in 2024, with several revisions in between, including a drop and subsequent increases.

What is the land classification for Natesan Salai?

Natesan Salai falls under the Residential Class IV Type - III land classification.

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

The Sub Registrar Office covering Natesan Salai is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for property in Natesan Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 75,600.