Guideline Value for Bharath Rajiv Gandhi Nagar 6th Street

Bharath Rajiv Gandhi Nagar 6th Street guideline value

The current guideline value of Bharath Rajiv Gandhi Nagar 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Bharath Rajiv Gandhi Nagar 6th Street has changed

The guideline value for Bharath Rajiv Gandhi Nagar 6th Street has undergone several revisions over the years. In 2007, the guideline 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 to Rs 2,010 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 saw the value rise to Rs 3,300 per sq.ft, representing a 64% increase from 2017.

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 carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Bharath Rajiv Gandhi Nagar 6th Street's 2024 figure aligns with this median.

• Bharath Rajiv Gandhi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Bharath Rajiv Gandhi Nagar 7th 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 8th 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 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Rajiv Gandhi Nagar 6th 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 cost to Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharath Rajiv Gandhi Nagar 6th Street?

The Sub Registrar Office that covers Bharath Rajiv Gandhi Nagar 6th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kolathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

During the registration process, the guideline value helps in establishing a baseline for the sale price of the property. It is essential for buyers to be informed about the current guideline value to avoid any discrepancies during the registration of their property.

Frequently asked questions

What is the current guideline value of Bharath Rajiv Gandhi Nagar 6th Street?

The current guideline value of Bharath Rajiv Gandhi Nagar 6th 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 are the stamp duty and registration fees for property in Bharath Rajiv Gandhi Nagar 6th Street?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 2,97,000.

Which Sub Registrar Office covers Bharath Rajiv Gandhi Nagar 6th Street?

The Sembiam Sub Registrar Office covers Bharath Rajiv Gandhi Nagar 6th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Bharath Rajiv Gandhi Nagar 6th Street?

Bharath Rajiv Gandhi Nagar 6th Street is classified as Residential Class I Type - I, indicating its designation for residential use.