Guideline Value for Rajpath Street

Rajpath Street guideline value

The current guideline value of Rajpath Street in Siruvallur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Sembiam SRO and is classified as Commercial Class I Type - III.

How the guideline value of Rajpath Street has changed

The guideline value for Rajpath Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, this value dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% change.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. Rajpath Street's 2024 guideline value is above this median.

• Rajkamal Sowkar Street: Rs 3,300 per sq.ft (2024)
• Rajaputhira Street: Rs 3,300 per sq.ft (2024)
• Rangasaee Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Naidu 1st Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Naidu Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Rajpath 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 charges 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajpath Street?

Rajpath Street falls under 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 Siruvallur

The guideline value is a crucial factor in the registration process when buying or selling property in Siruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Rajpath Street?

The current guideline value of Rajpath 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, reflecting significant increases and some decreases in between.

What is the classification of Rajpath Street?

Rajpath Street is classified as Commercial Class I Type - III under the Sembiam SRO.

Where can I find the Sembiam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Rajpath Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. 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%.