Guideline Value for Natesan Street

Natesan Street guideline value

The current guideline value of Natesan Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Natesan Street has changed

Over the years, the guideline value of Natesan Street has seen significant changes. In 2002, the guideline value was Rs 140 per sq.ft, which increased to Rs 160 per sq.ft in 2003. Following that, the value rose sharply to Rs 900 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in 2024. The register has no figure for the years not mentioned here.

The changes between revisions show a substantial increase overall. From 2002 to 2024, the guideline value has increased by 2,686%. Notably, the jump from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023 reflects a 49% increase, while the increase from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024 is an 11% rise. The largest increase was seen from 2003 to 2007, with a remarkable 463% rise.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Natesan Street.

• Narmatha Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 9th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 8th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 7th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 6th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 5th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Natesan Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the 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 Street?

The Sub Registrar Office that covers Natesan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO online for more information.

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

The guideline value is a crucial factor in property transactions in Adambakkam as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling a property, the buyer must ensure that the transaction adheres to the guideline value set for the property. This helps in maintaining transparency and legality in property dealings, ensuring that both parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Natesan Street?

The current guideline value of Natesan Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 140 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 2,686% over the years.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Natesan Street?

The Alandur Sub Registrar Office covers Natesan Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Where can I find more information about the guideline values in Adambakkam?

More information about the guideline values in Adambakkam can be found in the registration department's guideline value register, which lists the values for various streets in the area.