Guideline Value for Natham South Side

Natham South Side guideline value

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

How the guideline value of Natham South Side has changed

The guideline value for Natham South Side has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial rise in the value over that period.

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 South Side's 2024 figure above that median.

• Natham North 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 South 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 or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property.

Which Sub Registrar Office covers Natham South Side?

The Natham South Side area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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 is used to determine the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Natham South Side?

The current guideline value of Natham South 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, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Natham South Side?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers Natham South Side?

The Kunrathur Sub Registrar Office covers Natham South Side, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded at a fair value for legal and taxation purposes.