Guideline Value for Rajaji Nagar 4th Street

Rajaji Nagar 4th Street guideline value

The current guideline value of Rajaji Nagar 4th 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 4th Street has changed

The guideline value for Rajaji Nagar 4th Street has undergone several revisions over the years. In 2007, the guideline value 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 most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which represents 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 years 2002, 2003, 2017, and 2023 in the register for this street.

Guideline values in Kolathur

In Kolathur village, 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 the same as the guideline value for Rajaji Nagar 4th Street.

• Rajaji Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 38th Street: Rs 3,300 per sq.ft (2024)
• Rajaji Nagar 37th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaji Nagar 4th 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. 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 more details.

Which Sub Registrar Office covers Rajaji Nagar 4th Street?

The Sub Registrar Office that covers Rajaji Nagar 4th 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

When buying or selling property in Kolathur, the guideline value is an important factor considered during the registration process. It serves as a basis for calculating the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is valued fairly according to the prevailing rates in the area, thus providing a standard for both buyers and sellers during the registration of the property.

Frequently asked questions

What is the current guideline value of Rajaji Nagar 4th Street?

The current guideline value of Rajaji Nagar 4th 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 increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, a total increase of 230% over the years.

What is the land classification for Rajaji Nagar 4th Street?

Rajaji Nagar 4th Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Rajaji Nagar 4th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Rajaji Nagar 4th Street.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Rajaji Nagar 4th Street, the guideline value is Rs 3,300 per sq.ft.