Guideline Value for Nattanmaikara Street Ward No.1 Door No.1-57

Nattanmaikara Street Ward No.1 Door No.1-57 guideline value

The current guideline value for Nattanmaikara Street Ward No.1 Door No.1-57 is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village under the Gummidipoondi SRO, classified as Residential Class III Type - I.

How the guideline value of Nattanmaikara Street Ward No.1 Door No.1-57 has changed

The guideline value for Nattanmaikara Street has seen several revisions over the years. Starting from Rs 41 per sq.ft in 2002, it increased to Rs 47 per sq.ft in 2003, marking a growth of 15%. The value then rose significantly to Rs 150 per sq.ft in 2007, reflecting a 219% increase. In 2012, the value was Rs 300 per sq.ft, showing a 100% increase from the previous revision. However, it dropped to Rs 201 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 300 per sq.ft in 2023, followed by a final rise to Rs 330 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 705%. The register does not contain figures for the years not listed in the revisions.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Nattanmaikara Street is below this median.

• New Harijan Colony Ward No.5 Door No.1-38: Rs 330 per sq.ft (2024)
• New Vettu Colony: Rs 660 per sq.ft (2024)
• Musleem Colony Ward No.5 Door No.1-28: Rs 660 per sq.ft (2024)
• Musleem Colony Ward No.4 Door No.1-16: Rs 660 per sq.ft (2024)
• Muniswaran Koil Street Ward No.10 Door No.1-15f: Rs 660 per sq.ft (2024)
• Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Nattanmaikara Street Ward No.1 Door No.1-57

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nattanmaikara Street Ward No.1 Door No.1-57?

The Nattanmaikara Street Ward No.1 Door No.1-57 falls under the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Old Gummidipoondi, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value for Nattanmaikara Street Ward No.1 Door No.1-57?

The current guideline value for Nattanmaikara Street Ward No.1 Door No.1-57 is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 41 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 705% over the years.

What is the land classification for Nattanmaikara Street?

Nattanmaikara Street is classified as Residential Class III Type - I under the Gummidipoondi SRO.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Where is the Gummidipoondi Sub Registrar Office located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.