Guideline Value

Corporate

Guideline Value for Raja Rajashwari Nagar Extension

₹2200/sq.ft.

The guideline value for Raja Rajashwari Nagar Extension in Kolathur village (Sembiam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Raja Rajashwari Nagar Extension

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Raja Rajashwari Nagar Extension guideline value

The current guideline value for Raja Rajashwari Nagar Extension is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is part of Kolathur village and falls under the Sembiam SRO, classified as Residential Class IV Type - I.

How the guideline value of Raja Rajashwari Nagar Extension has changed

The guideline value for Raja Rajashwari Nagar Extension has undergone several revisions over the years. The 2007 revision set the value at Rs 900 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision. This value remained unchanged until the 2023 revision, where it was again set at Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 2,200 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

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. Raja Rajashwari Nagar Extension's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Raja Rajashwari Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Raja Rajashwari Nagar Extension?

The Sub Registrar Office that covers Raja Rajashwari Nagar Extension is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kolathur. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Raja Rajashwari Nagar Extension?

The current guideline value for Raja Rajashwari Nagar Extension is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 144% over this period.

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

Other streets in Kolathur include Raja Rajeswari Nagar at Rs 2,700 per sq.ft, and several streets in Rajan Nagar, all valued at Rs 4,400 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it is responsible for registrations in Raja Rajashwari Nagar Extension.