Guideline Value for SWAMY NATESANAR MADAM STREET

Swamy Natesanar Madam Street guideline value

The current guideline value of Swamy Natesanar Madam Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Swamy Natesanar Madam Street has changed

The guideline value for Swamy Natesanar Madam Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 300 per sq.ft. This figure increased to Rs 600 per sq.ft in 2012, but then decreased to Rs 402 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 600 per sq.ft, which was further raised to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Swamy Natesanar Madam Street is below this median.

• Swamy Ramadasar Street: Rs 660 per sq.ft (2024)
• Sri Vari Avenue: Rs 1,650 per sq.ft (2024)
• Sri Subharam Avenue: Rs 1,105 per sq.ft (2024)
• Sri Subbaaraam Avenue: Rs 1,105 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 660 per sq.ft (2024)
• Thirumalai Balaji Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Swamy Natesanar Madam Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swamy Natesanar Madam Street?

The Sub Registrar Office that covers Swamy Natesanar Madam Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Koladi, as it determines the stamp duty and registration fees. Buyers need to ensure that they are aware of the current guideline value to accurately calculate the costs associated with property transactions.

When registering a property, the guideline value serves as a benchmark for the transaction value. It is essential for buyers and sellers to understand that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Swamy Natesanar Madam Street?

The current guideline value of Swamy Natesanar Madam Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification for Swamy Natesanar Madam Street?

The land classification for Swamy Natesanar Madam Street is Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Swamy Natesanar Madam Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.