Guideline Value for Robinson colony 1st Lane

Robinson colony 1st Lane guideline value

The current guideline value of Robinson colony 1st Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Robinson colony 1st Lane has changed

The guideline value for Robinson colony 1st Lane has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 900 per sq.ft. This increased to Rs 1,340 per sq.ft in the 2017 revision, marking a change of +49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a substantial increase of +64% from the previous figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +144%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2012, and 2023 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Robinson colony 1st Lane's 2024 figure above that median.

• Robinson colony 2nd Lane: Rs 2,200 per sq.ft (2024)
• Rope Godown Street: Rs 2,200 per sq.ft (2024)
• Retta Kuzhi Street: Rs 1,600 per sq.ft (2024)
• Rathnasabhapathy Street: Rs 2,200 per sq.ft (2024)
• Rathnasabhapathy Lane: Rs 2,200 per sq.ft (2024)
• Sajja Munusamy 1st lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Robinson colony 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Robinson colony 1st Lane?

The Sub Registrar Office that covers Robinson colony 1st Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Tondaiarpet. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers 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 provide accurate information regarding the guideline value to ensure compliance with local regulations. This helps facilitate a smooth registration process and avoids any potential legal issues in the future.

Frequently asked questions

What is the current guideline value of Robinson colony 1st Lane?

The current guideline value of Robinson colony 1st Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 900 per sq.ft to Rs 2,200 per sq.ft in 2024, which is an overall increase of +144%.

What was the guideline value in the 2017 revision?

In the 2017 revision, the guideline value for Robinson colony 1st Lane was Rs 1,340 per sq.ft.

Are there any years with no guideline value for this street?

Yes, the register has no figures for the years 2002, 2003, 2012, and 2023 for Robinson colony 1st Lane.

Which office handles property registrations for Robinson colony 1st Lane?

The Royapuram Sub Registrar Office handles property registrations for Robinson colony 1st Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.