Guideline Value for Natham North Side

Natham North Side guideline value

The current guideline value of Natham North Side is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Natham North Side has changed

The guideline value for Natham North Side has seen several revisions over the years. The oldest recorded revision is from 2017, which set the value at Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Natham North Side.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Natham North Side's 2024 figure above this median.

• Natham South Side: Rs 1,760 per sq.ft (2024)
• Nelpadi Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 7th Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 6th Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 5th Cross Street: Rs 1,760 per sq.ft (2024)
• Nalleeswarar Nagar 4th Cross Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Natham North Side

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the 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 North Side?

The Natham North Side falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Natham North Side?

The current guideline value of Natham North Side is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the land classification for Natham North Side?

Natham North Side is classified as Mixed Special Type - III, which indicates the type of development permissible in this area.

What are the stamp duty rates for properties in Natham North Side?

The stamp duty for properties in Natham North Side is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Natham North Side?

The Sub Registrar Office covering Natham North Side is located at No.59, Road Street, Kundrathur, Chennai -600 069.