Guideline Value for Nathela sampath chetty Street

Nathela sampath chetty Street guideline value

The current guideline value of Nathela sampath chetty Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Nathela sampath chetty Street has changed

The guideline value for Nathela sampath chetty Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,700 per sq.ft. This was followed by a decrease to Rs 2,479 per sq.ft in 2017. However, from 2017 to 2023, the guideline value increased significantly to Rs 3,700 per sq.ft, and further rose to Rs 4,000 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

The changes between these revisions highlight the fluctuations in the guideline value. From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Nathela sampath chetty Street's 2024 value above that median.

• Narayanasamy Street: Rs 3,600 per sq.ft (2024)
• Nehru Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 4rd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nathela sampath chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total costs together to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nathela sampath chetty Street?

The Sub Registrar Office that covers Nathela sampath chetty Street is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nathela sampath chetty Street?

The current guideline value of Nathela sampath chetty Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024. It was Rs 2,479 per sq.ft in 2017, and Rs 3,700 per sq.ft in 2012.

What is the land classification of Nathela sampath chetty Street?

The land classification of Nathela sampath chetty Street is Residential Special Type - II.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles registrations for Nathela sampath chetty Street?

The Ambattur Sub Registrar Office handles registrations for Nathela sampath chetty Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.