Guideline Value for Rajaji Nagar 36th Street

Rajaji Nagar 36th Street guideline value

The current guideline value of Rajaji Nagar 36th 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 36th Street has changed

The guideline value for Rajaji Nagar 36th Street has undergone several revisions since 2007. In 2007, the guideline value was Rs 1,000 per sq.ft. This figure saw a significant increase in 2012, where it was revised to Rs 3,000 per sq.ft, marking a 200% increase. The most recent revision in 2024 brought the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the 2012 figure.

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 revisions in 2002, 2003, 2017, and 2023 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. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the 2024 figure for Rajaji Nagar 36th Street.

• Rajaji Nagar 35th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 37th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 34th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 38th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 33rd Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 32nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 36th 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 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 precise calculations.

Which Sub Registrar Office covers Rajaji Nagar 36th Street?

The Sub Registrar Office that covers Rajaji Nagar 36th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 36th Street?

The current guideline value of Rajaji Nagar 36th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has changed from Rs 1,000 per sq.ft to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230%.

What is the land classification for Rajaji Nagar 36th Street?

The land classification for Rajaji Nagar 36th Street is 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 and the registration fee would be Rs 66,000.