Guideline Value for Rajaji Nagar 11th Street

Rajaji Nagar 11th Street guideline value

The current guideline value of Rajaji Nagar 11th 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 it is classified as Residential Class I Type - I.

How the guideline value of Rajaji Nagar 11th Street has changed

The guideline value for Rajaji Nagar 11th Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 shows a substantial increase to Rs 3,300 per sq.ft, which is a 64% rise from the 2017 figure.

Additionally, the overall change from 2007 to 2024 represents an increase of 230%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur village, 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. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Rajaji Nagar 11th Street.

• Rajaji Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 12th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 13th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 14th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 15th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 16th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rajaji Nagar 11th Street?

The Sub Registrar Office that covers Rajaji Nagar 11th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for additional information.

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

The guideline value is an important factor during the registration of property transactions in Kolathur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered alongside the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Rajaji Nagar 11th Street?

The current guideline value of Rajaji Nagar 11th 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 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 230% over the years.

What are the stamp duty and registration fees for properties in Rajaji Nagar 11th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Rajaji Nagar 11th Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registrations for Rajaji Nagar 11th Street.

What is the land classification for Rajaji Nagar 11th Street?

Rajaji Nagar 11th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.