Guideline Value for SRI NATARAJAR NAGAR

Sri Natarajar Nagar guideline value

The current guideline value of Sri Natarajar Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Sri Natarajar Nagar has changed

The guideline value for Sri Natarajar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was adjusted to Rs 335 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 500 per sq.ft, which remained the same in the 2024 revision, resulting in a 49% increase from the 2017 figure. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for Sri Natarajar Nagar is below this median.

• Sri Natarajar Nagar: Rs 500 per sq.ft (2024)
• Srinivasa Perumal Kovil St: Rs 750 per sq.ft (2024)
• Sri Pachaiyamman Nagar: Rs 750 per sq.ft (2024)
• Sriperumbudur Road(Upto Railway Bridg): Rs 2,000 per sq.ft (2024)
• Sri Sai Garden: Rs 700 per sq.ft (2024)
• Sri Sai Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Natarajar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Natarajar Nagar?

The Sub Registrar Office that covers Sri Natarajar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Walajabad. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate taxes are paid based on the value of the property. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Natarajar Nagar?

The current guideline value of Sri Natarajar Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 335 per sq.ft in 2017, marking a 33% drop, and then increased by 49% back to Rs 500 per sq.ft in 2023.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Sri Natarajar Nagar?

The Walajabad Sub Registrar Office is responsible for registrations in Sri Natarajar Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification of Sri Natarajar Nagar?

Sri Natarajar Nagar falls under the Residential Class I Type - III land classification, which indicates its suitability for residential development.