Guideline Value for Rajaji Nagar 13th Street

Rajaji Nagar 13th Street guideline value

The current guideline value of Rajaji Nagar 13th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rajaji Nagar 13th Street has changed

The guideline value for Rajaji Nagar 13th Street has undergone several revisions over the years. The earliest recorded value in 2007 was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33% from the previous revision.

From the 2017 revision to the current 2024 revision, the guideline value has risen to Rs 3,300 per sq.ft, representing a substantial increase of 64%. Overall, from 2007 to 2024, the guideline value has increased by 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, 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 the median value being Rs 3,300 per sq.ft. Rajaji Nagar 13th Street's 2024 guideline value aligns perfectly with this median.

• Rajaji Nagar 12th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 14th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 15th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 10th 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 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajaji Nagar 13th Street?

The Sub Registrar Office that covers Rajaji Nagar 13th 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 is a crucial factor during the registration of property transactions in Kolathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 13th Street?

The current guideline value of Rajaji Nagar 13th 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, with various revisions in between, including a decrease in 2017.

What is the land classification for Rajaji Nagar 13th Street?

Rajaji Nagar 13th Street is classified as Residential Class I Type - I.

Where can I find the registration office for Rajaji Nagar 13th Street?

The registration office for Rajaji Nagar 13th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Rajaji Nagar 13th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.