Guideline Value for RAJA STREET

Raja Street guideline value

The current guideline value of Raja Street in Kolathur village, under the Pallipattu SRO, is Rs 104 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Raja Street has changed

The guideline value for Raja Street has seen several revisions over the years. In the 2007 revision, the value was Rs 35 per sq.ft. This increased significantly to Rs 90 per sq.ft in 2012, marking a 157% rise. However, in the 2017 revision, the value dropped to Rs 60 per sq.ft, which was a decrease of 33%. The subsequent revision in 2023 brought the value up to Rs 100 per sq.ft, representing a 67% increase. The most recent revision in 2024 has set the guideline value at Rs 104 per sq.ft, reflecting a 4% increase from the previous year.

It is important to note that the register has no figures for Raja Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 197%.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft. The median value for these streets is Rs 104 per sq.ft, which is the same as the guideline value for Raja Street.

• Road Street: Rs 104 per sq.ft (2024)
• Saliyar Street: Rs 104 per sq.ft (2024)
• Ootha Vadai Street: Rs 104 per sq.ft (2024)
• Sorakayapet (Thoppu Street): Rs 104 per sq.ft (2024)
• S.P Balu Gardens: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total fees to Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Raja Street?

The Sub Registrar Office that covers Raja Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees are calculated based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must be aware of the current guideline value to understand the associated costs, including stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Raja Street?

The current guideline value of Raja Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, showing an overall increase of 197% over the years.

What is the land classification for Raja Street?

Raja Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Raja Street?

For a property valued at Rs 1,04,000, the stamp duty would be Rs 7,280, and the registration fee would be Rs 2,080, totaling Rs 9,360.

Which office handles property registrations for Raja Street?

The Pallipattu Sub Registrar Office handles property registrations for Raja Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.