Guideline Value for Nathatchupethar Street

Nathatchupethar Street guideline value

The current guideline value of Nathatchupethar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Alandur village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Nathatchupethar Street has changed

The guideline value for Nathatchupethar Street has seen significant changes over the years. In 2002, the guideline value was Rs 274 per sq.ft. It increased to Rs 298 per sq.ft in 2003, marking a 9% rise. The value then rose dramatically to Rs 700 per sq.ft in 2007, reflecting a 135% increase. Following this, the value surged to Rs 4,000 per sq.ft in 2012, a substantial increase of 471%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1506%. There are no figures available for the guideline value of Nathatchupethar Street for any years other than those mentioned.

Guideline values in Alandur

Alandur village has 40 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 3,900 to Rs 11,000 per sq.ft, with a median value of Rs 5,000 per sq.ft. The guideline value for Nathatchupethar Street is below this median.

• New Street: Rs 5,500 per sq.ft (2024)
• Mukthamji Street: Rs 5,500 per sq.ft (2024)
• M.K.N ROAD (mount sub way to cement road): Rs 6,600 per sq.ft (2024)
• Mathavapuram West Street: Rs 5,000 per sq.ft (2024)
• Mathavapuram South Street: Rs 5,000 per sq.ft (2024)
• Mathavapuram North Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nathatchupethar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nathatchupethar Street?

The Sub Registrar Office that covers Nathatchupethar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Alandur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value is set by the government and is regularly revised to reflect changes in the real estate market.

When you buy or sell property in Alandur, it is essential to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nathatchupethar Street?

The current guideline value of Nathatchupethar Street is Rs 4,400 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 274 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1506% over the years.

What are the stamp duty and registration fees for properties on Nathatchupethar Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for Nathatchupethar Street?

The Alandur Sub Registrar Office is responsible for Nathatchupethar Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Nathatchupethar Street?

The land classification for Nathatchupethar Street is Residential Class I Type - III.