Guideline Value for Nattumuthu Naicken Street

Nattumuthu Naicken Street guideline value

The current guideline value of Nattumuthu Naicken Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Nattumuthu Naicken Street has changed

In the 2023 revision, the guideline value for Nattumuthu Naicken Street was Rs 8,000 per sq.ft. The latest revision in 2024 shows an increase of 9%, bringing the value to Rs 8,700 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024. This change reflects the adjustments made in the guideline values as per the latest revision.

Guideline values in Mylapore Part 1

Mylapore Part 1 consists of 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this area is Rs 8,800 per sq.ft, placing Nattumuthu Naicken Street's 2024 figure below this median.

• Narasimhan Street: Rs 7,700 per sq.ft (2024)
• Nandanam Extention 9th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 8th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 7th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 6th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 5th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nattumuthu Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total fees to Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nattumuthu Naicken Street?

The Sub Registrar Office that covers Nattumuthu Naicken Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your specific SRO, you can visit this link.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Nattumuthu Naicken Street?

The current guideline value of Nattumuthu Naicken Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 9% from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024.

What is the land classification for Nattumuthu Naicken Street?

Nattumuthu Naicken Street is classified as Residential Class I Type - III.

Where can I find the registration office for Nattumuthu Naicken Street?

The registration office for Nattumuthu Naicken Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft, which is above the current guideline value of Nattumuthu Naicken Street.