Guideline Value for Nathamuni 2nd Cross Street

Nathamuni 2nd Cross Street guideline value

The current guideline value of Nathamuni 2nd Cross Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village under the AnnaNagar SRO and is classified as Residential Class II Type - II.

How the guideline value of Nathamuni 2nd Cross Street has changed

The guideline value for Nathamuni 2nd Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it dropped to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,400 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, it rose by 8%. The overall increase from 2007 to 2024 is 200%, reflecting significant changes in the guideline value over the years.

Guideline values in Naduvakkarai

Naduvakkarai village has a range of guideline values, with 148 streets under the AnnaNagar SRO carrying a 2024 figure ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, indicating that the guideline value for Nathamuni 2nd Cross Street is below this median.

• Naduvakkarai Street: Rs 5,500 per sq.ft (2024)
• Nadhamuni Reddy Street: Rs 5,400 per sq.ft (2024)
• New Colony, Periyar Street, Slum Clearance Board Flats, Naduvakkarai TNHB Land: Rs 5,400 per sq.ft (2024)
• M.G.R.Street, New Colony: Rs 5,500 per sq.ft (2024)
• Maseela Maheshwar Street (Sabari Nagar): Rs 5,400 per sq.ft (2024)
• Pillaiar Koil Street: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nathamuni 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would amount to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total to Rs 4,86,000. 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 detailed calculations.

Which Sub Registrar Office covers Nathamuni 2nd Cross Street?

The Nathamuni 2nd Cross Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial aspect when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Nathamuni 2nd Cross Street?

The current guideline value of Nathamuni 2nd Cross Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,800 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 200% over this period.

What are the stamp duty rates for properties in Nathamuni 2nd Cross Street?

The stamp duty for properties in Nathamuni 2nd Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nathamuni 2nd Cross Street?

The Sub Registrar Office covering Nathamuni 2nd Cross Street is the AnnaNagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Naduvakkarai?

The median guideline value for streets in Naduvakkarai is Rs 11,500 per sq.ft, indicating that Nathamuni 2nd Cross Street's value is below this median.