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 colony is located in Echur_B village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Natham Kuppam Colony has changed

The guideline value for Natham Kuppam Colony has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which was then increased to Rs 150 per sq.ft in both the 2023 and 2024 revisions, reflecting a 50% increase from 2017 to 2023 and maintaining the same rate in 2024. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2023 to 2024 revision, the guideline value remained unchanged at Rs 150 per sq.ft, indicating a 0% change. Overall, from the 2017 revision to the current 2024 figure, there has been a 50% increase.

Guideline values in Echur_B

In Echur_B, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Natham Kuppam Colony's 2024 figure aligns with this median value.

• 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 rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Natham Kuppam Colony?

The Natham Kuppam Colony is covered by 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_B

The guideline value is a crucial factor in property transactions in Echur_B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency and fairness in property dealings.

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 increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property here?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 13,500, based on the current guideline value of Rs 150 per sq.ft.

Which office handles property registrations for Natham Kuppam Colony?

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

What is the land classification for Natham Kuppam Colony?

The land classification for Natham Kuppam Colony is Residential Class IV Type - I, indicating its suitability for residential development.