Guideline Value for Rajaji Nagar 19th Street

Rajaji Nagar 19th Street guideline value

The current guideline value of Rajaji Nagar 19th 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 is classified as Residential Class I Type - I.

How the guideline value of Rajaji Nagar 19th Street has changed

The guideline value for Rajaji Nagar 19th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further rise to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 230%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a guideline value range 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 aligns with the 2024 figure for Rajaji Nagar 19th Street.

• Rajaji Nagar 18th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 17th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 16th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 15th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 14th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 13th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 19th 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, totaling Rs 2,97,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Nagar 19th Street?

The Sub Registrar Office that covers Rajaji Nagar 19th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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 state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is important to note that the registration fees and stamp duty are calculated based on this value, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 19th Street?

The current guideline value of Rajaji Nagar 19th 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 significantly, from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration fee for property in Rajaji Nagar 19th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Which office handles registrations in Rajaji Nagar 19th Street?

The Sembiam Sub Registrar Office handles registrations for Rajaji Nagar 19th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.