Guideline Value for Rajaji Nagar 28th Street

Rajaji Nagar 28th Street guideline value

The current guideline value of Rajaji Nagar 28th 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 28th Street has changed

The guideline value for Rajaji Nagar 28th Street has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% increase. The latest revision in 2024 shows a further increase to Rs 3,300 per sq.ft, representing a 10% rise from the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by 230%.

It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street. Therefore, the changes mentioned are only between the revisions that do have recorded figures.

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. The median guideline value in this area is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Rajaji Nagar 28th Street.

• Rajaji Nagar 27th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 29th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 26th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 25th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 24th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 23rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 28th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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 fees together to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Nagar 28th Street?

The Sub Registrar Office that covers Rajaji Nagar 28th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This ensures compliance with local regulations and helps avoid any legal complications in the future.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 28th Street?

The current guideline value of Rajaji Nagar 28th 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, marking an overall increase of 230% over the years.

What is the land classification for Rajaji Nagar 28th Street?

Rajaji Nagar 28th Street is classified as Residential Class I Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever amount is higher. This ensures that the correct fees are applied during the registration process.