Guideline Value for Natrajapuram 4th Street

Natrajapuram 4th Street guideline value

The current guideline value of Natrajapuram 4th Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Natrajapuram 4th Street has changed

The guideline value for Natrajapuram 4th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,160 per sq.ft in 2024, marking an increase of 8% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 440%.

Guideline values in Nemilicherry

The guideline values for the 172 streets in Nemilicherry under the Pallavaram SRO range from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 2,160 per sq.ft. Natrajapuram 4th Street's 2024 guideline value is equal to this median.

• Natrajapuram 3rd Street: Rs 2,160 per sq.ft (2024)
• Natrajapuram 5th Street: Rs 2,160 per sq.ft (2024)
• Natrajapuram 2nd Street: Rs 2,160 per sq.ft (2024)
• Natrajapuram 1st Street: Rs 2,160 per sq.ft (2024)
• Nedunchezian Street: Rs 2,160 per sq.ft (2024)
• Nanmangalam Road: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Natrajapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees to Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Natrajapuram 4th Street?

The Natrajapuram 4th Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Nemilicherry. It serves as a benchmark for determining the minimum value at which properties can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it's essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Natrajapuram 4th Street?

The current guideline value of Natrajapuram 4th Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, showing an overall increase of 440% over the years.

What is the registration office for Natrajapuram 4th Street?

The registration office for Natrajapuram 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for a property in Natrajapuram 4th Street?

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

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

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