Guideline Value for Natham Kuppam Colony

Natham Kuppam Colony guideline value

The current guideline value of Natham Kuppam Colony is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Echur village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Natham Kuppam Colony has changed

Over the years, the guideline value of Natham Kuppam Colony has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which was a significant increase from the Rs 100 per sq.ft established in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 150 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 150 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the most notable change occurred from the 2017 to the 2023 revision, which reflected a 50% increase. Conversely, the revision from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Echur

Echur village has 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which aligns with the guideline value of Natham Kuppam Colony.

• Mettu Street in Cross Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Pallikooda Street: Rs 150 per sq.ft (2024)
• Mantheivelliamman Kovil Streer: Rs 150 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Natham Kuppam Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, calculated at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 Natham Kuppam Colony?

Natham Kuppam Colony falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Echur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a legally recognized value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Natham Kuppam Colony?

The current guideline value of Natham Kuppam Colony is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024, with the most significant change being a 50% increase from the 2017 to the 2023 revision.

What is the land classification for Natham Kuppam Colony?

Natham Kuppam Colony is classified as Residential Class IV Type - I.

Which Sub Registrar Office covers Natham Kuppam Colony?

The Sunguvarchattram Sub Registrar Office covers Natham Kuppam Colony, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated in Natham Kuppam Colony?

Stamp duty in Natham Kuppam Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,50,000, the stamp duty would be Rs 10,500.