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Guideline Value

Corporate

Guideline Value for Natesanagar I st Main Road I St Cross Street

₹4400/sq.ft.

The guideline value for Natesanagar I St Main Road I St Cross Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Natesanagar I St Main Road I St Cross Street

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Natesanagar I st Main Road I St Cross Street guideline value

The current guideline value for Natesanagar I st Main Road I St Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Natesanagar I st Main Road I St Cross Street has changed

The guideline value for Natesanagar I st Main Road I St Cross Street has seen several revisions over the years. In 2007, the value was Rs 2,100 per sq.ft, which increased by 90% to Rs 4,000 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The value then rose significantly by 49% to Rs 4,000 per sq.ft in 2023, and further increased by 10% to the current value of Rs 4,400 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, there has been a total increase of 110% in the guideline value for this street. The changes reflect the fluctuations in the property market and the revisions made by the Registration Department.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value of Natesanagar I st Main Road I St Cross Street.

Stamp duty and registration fee for property in Natesanagar I st Main Road I St Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee, charged at 2%, would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Natesanagar I st Main Road I St Cross Street?

The Sub Registrar Office that covers Natesanagar I st Main Road I St Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and in accordance with the law.

When a property is sold, the guideline value helps in assessing the minimum price at which the property can be registered. Buyers and sellers must consider this value to comply with legal requirements and avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Natesanagar I st Main Road I St Cross Street?

The current guideline value for Natesanagar I st Main Road I St Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 110% over the years.

What is the land classification for this street?

Natesanagar I st Main Road I St Cross Street is classified as Residential Class III Type - I.

Where is the Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 3,08,000.