Guideline Value for Bharath Rajiv Gandhi Nagar 1st Street

Bharath Rajiv Gandhi Nagar 1st Street guideline value

The current guideline value of Bharath Rajiv Gandhi Nagar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharath Rajiv Gandhi Nagar 1st Street has changed

The guideline value for Bharath Rajiv Gandhi Nagar 1st Street has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 233% rise. However, from 2012 to 2017, the value decreased by 33%, settling at Rs 2,010 per sq.ft. The most recent revision in 2024 has brought the value back up to Rs 3,300 per sq.ft, reflecting a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the 2024 figure for Bharath Rajiv Gandhi Nagar 1st Street.

• Bharath Rajiv Gandhi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Bharath Rajiv Gandhi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Bharath Rajiv Gandhi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Bharath Rajiv Gandhi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Bharath Rajiv Gandhi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Bharath Rajiv Gandhi Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Rajiv Gandhi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharath Rajiv Gandhi Nagar 1st Street?

The Sub Registrar Office that covers Bharath Rajiv Gandhi Nagar 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Kolathur, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

During registration, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Bharath Rajiv Gandhi Nagar 1st Street?

The current guideline value of Bharath Rajiv Gandhi Nagar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification of Bharath Rajiv Gandhi Nagar 1st Street?

Bharath Rajiv Gandhi Nagar 1st Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Bharath Rajiv Gandhi Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.