Guideline Value for Natesan Street

Natesan Street guideline value

The current guideline value of Natesan Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Natesan Street has changed

Over the years, the guideline value of Natesan Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. However, the latest revision in 2023 saw a significant increase of 49%, bringing the guideline value back up to Rs 1,500 per sq.ft.

From 2012 to 2023, the overall guideline value remained unchanged at Rs 1,500 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Natesan Street is one of the streets in Vandalur, which is assessed under the Gooduvancheri SRO. Currently, there are no other streets in Vandalur listed with guideline values.

Stamp duty and registration fee for property in Natesan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natesan Street?

The Natesan Street falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vandalur. It serves as a benchmark for calculating the stamp duty and registration fees when a property is sold or purchased. Buyers and sellers must be aware of the guideline value to ensure compliance with legal and financial obligations during the registration process.

When a property is registered, the higher of the guideline value and the sale price is taken into account for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Natesan Street?

The current guideline value of Natesan Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for properties on Natesan Street?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Natesan Street?

Natesan Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with guideline values under the Gooduvancheri SRO.