Guideline Value for Rajaji Nagar 33rd Street

Rajaji Nagar 33rd Street guideline value

The current guideline value of Rajaji Nagar 33rd 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 33rd Street has changed

The guideline value for Rajaji Nagar 33rd Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was set at Rs 1,000 per sq.ft. This figure saw a significant increase in the 2012 revision, which raised the value to Rs 3,000 per sq.ft, marking a 200% increase from the previous figure. However, there are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street.

The most recent revision in 2024 has established the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the 2012 revision. Overall, from 2007 to 2024, the guideline value has increased by 230%.

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 value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Rajaji Nagar 33rd Street.

• Rajaji Nagar 32nd Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 34th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 31st Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 35th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 30th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 36th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 33rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to 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 further assistance.

Which Sub Registrar Office covers Rajaji Nagar 33rd Street?

The Sub Registrar Office that covers Rajaji Nagar 33rd 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 plays a crucial role during the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. This value is essential for both the buyer and seller to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 33rd Street?

The current guideline value of Rajaji Nagar 33rd 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 33rd Street?

Rajaji Nagar 33rd Street is classified as Residential Class I Type - I.

Which office handles property registration for Rajaji Nagar 33rd Street?

The Sembiam Sub Registrar Office handles property registration for Rajaji Nagar 33rd Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Rajaji Nagar 33rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 2,97,000.