Guideline Value for R.C.NATESAN NAGAR

R.C.Natesan Nagar guideline value

The current guideline value of R.C.Natesan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Paleripattu village under the Avadi SRO, and the land classification is Commercial Special Type - IV.

How the guideline value of R.C.Natesan Nagar has changed

The guideline value for R.C.Natesan Nagar has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,206 per sq.ft, and this increased by 9% to Rs 1,320 per sq.ft in the 2024 revision.

This change reflects the adjustments made in the guideline values over time, with the most recent increase marking a significant shift in the valuation of this area. The 2024 figure is the highest recorded for this street in the available revisions.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, and R.C.Natesan Nagar's current value is above this median.

• River Bank St: Rs 990 per sq.ft (2024)
• Sabthagiri St: Rs 990 per sq.ft (2024)
• Ramasamy St: Rs 990 per sq.ft (2024)
• Ramaraj Nagar: Rs 990 per sq.ft (2024)
• Sapthagiri Nagar & Street: Rs 990 per sq.ft (2024)
• Raja Raja Cholan St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in R.C.Natesan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 precise calculations.

Which Sub Registrar Office covers R.C.Natesan Nagar?

The Sub Registrar Office that covers R.C.Natesan Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Paleripattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is maintained through appropriate taxation on property transactions.

Frequently asked questions

What is the current guideline value of R.C.Natesan Nagar?

The current guideline value of R.C.Natesan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for R.C.Natesan Nagar?

The land classification for R.C.Natesan Nagar is Commercial Special Type - IV, indicating its designated use within the area.

What are the stamp duty and registration fees for properties in R.C.Natesan Nagar?

For a 1,000 sq.ft plot, the stamp duty is Rs 92,400 and the registration fee is Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value of Rs 13,20,000.

Where can I find the Sub Registrar Office for R.C.Natesan Nagar?

The Avadi Sub Registrar Office covers R.C.Natesan Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.