Guideline Value for Rajaji Nagar 25th Street

Rajaji Nagar 25th Street guideline value

The current guideline value of Rajaji Nagar 25th 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 25th Street has changed

The guideline value for Rajaji Nagar 25th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are a total of 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Rajaji Nagar 25th Street.

• Rajaji Nagar 24th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 26th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 23rd Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 27th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 22nd Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 28th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 25th 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, bringing the total cost to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajaji Nagar 25th Street?

The Sub Registrar Office that covers Rajaji Nagar 25th 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 buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is sold, the guideline value ensures that both the buyer and seller are aware of the minimum value that must be recognized during the transaction. This helps to maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 25th Street?

The current guideline value of Rajaji Nagar 25th 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 3,000 per sq.ft in 2012, and then to Rs 3,300 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2017, and 2023.

What is the land classification of Rajaji Nagar 25th Street?

Rajaji Nagar 25th Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rajaji Nagar 25th Street?

The Sub Registrar Office for Rajaji Nagar 25th 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 25th Street?

Stamp duty is calculated based on 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 at a rate of 7%.