Guideline Value for Natesan Street

Natesan Street guideline value

The current guideline value of Natesan Street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of Natesan Street has changed

The guideline value register has no figures for Natesan Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 3,400 per sq.ft.

Since there are no figures available for the previous revisions, it can be noted that the only current figure for Natesan Street is from the 2024 revision. There have been no changes between the revisions available in the register.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. Natesan Street's guideline value of Rs 3,400 per sq.ft is below the median value of Rs 7,100 per sq.ft.

• Nathan Lane/Street: Rs 9,300 per sq.ft (2024)
• Narismachari street: Rs 3,900 per sq.ft (2024)
• NarayasamyDasary street: Rs 3,900 per sq.ft (2024)
• Narayan NaickenStreet: Rs 10,100 per sq.ft (2024)
• Narayan Naicken 1st street: Rs 6,300 per sq.ft (2024)
• Nawab Street: Rs 9,300 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 3,400 per sq.ft, the guideline value is Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Natesan Street?

Natesan Street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Egmore. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Natesan Street?

The current guideline value of Natesan Street is Rs 3,400 per sq.ft, effective from 1 July 2024.

What are the other streets in Egmore with their guideline values?

Other streets in Egmore include Nathan Lane/Street at Rs 9,300 per sq.ft, Narismachari street at Rs 3,900 per sq.ft, NarayasamyDasary street at Rs 3,900 per sq.ft, Narayan NaickenStreet at Rs 10,100 per sq.ft, Narayan Naicken 1st street at Rs 6,300 per sq.ft, and Nawab Street at Rs 9,300 per sq.ft.

How is the stamp duty calculated for properties on Natesan Street?

Stamp duty for properties on Natesan Street is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 2,38,000 at the current guideline value.

Where can I find the registration office for Natesan Street?

The registration office covering Natesan Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

Are there any previous guideline value figures for Natesan Street?

The guideline value register has no figures for Natesan Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.