Guideline Value for RAJARAM FILM DIRECTORS COLONY

Rajaram Film Directors Colony guideline value

The current guideline value of Rajaram Film Directors Colony is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Special Type - II.

How the guideline value of Rajaram Film Directors Colony has changed

The guideline value for Rajaram Film Directors Colony has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 1,835 per sq.ft. This figure significantly increased to Rs 6,500 per sq.ft in both the 2012 and 2023 revisions, showing no change during that period. However, from 2023 to 2024, the value rose by 9%, reaching the current rate of Rs 7,100 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 287%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Rajaram Film Directors Colony above this median.

• Rajaram Colony: Rs 7,100 per sq.ft (2024)
• Rajapuranikar 2nd Street: Rs 3,800 per sq.ft (2024)
• Rajapuranikar 1st Street: Rs 3,800 per sq.ft (2024)
• Raja Veethi: Rs 5,300 per sq.ft (2024)
• Rajeswari Street: Rs 4,400 per sq.ft (2024)
• Raja Gopal Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaram Film Directors Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rajaram Film Directors Colony?

The Sub Registrar Office that covers Rajaram Film Directors Colony is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajaram Film Directors Colony?

The current guideline value of Rajaram Film Directors Colony is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,835 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 287% over the years.

What are the other streets in Puliyur and their guideline values?

Other streets in Puliyur include Rajaram Colony at Rs 7,100 per sq.ft, Rajapuranikar 2nd Street and Rajapuranikar 1st Street at Rs 3,800 per sq.ft, Raja Veethi at Rs 5,300 per sq.ft, Rajeswari Street at Rs 4,400 per sq.ft, and Raja Gopal Street at Rs 4,600 per sq.ft.

How is the stamp duty calculated in Rajaram Film Directors Colony?

Stamp duty in Rajaram Film Directors Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000.

Where can I find the Sub Registrar Office for Rajaram Film Directors Colony?

The Kodambakkam Sub Registrar Office covers Rajaram Film Directors Colony and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find more details online.