Guideline Value for Robinson colony 2nd Lane

Robinson colony 2nd Lane guideline value

The current guideline value of Robinson colony 2nd 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 2nd Lane has changed

The guideline value for Robinson colony 2nd Lane has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 900 per sq.ft. This increased to Rs 1,340 per sq.ft in 2017, marking a change of +49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a significant increase of +64% from the 2017 revision. Overall, from 2007 to 2024, 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 2nd Lane's 2024 figure above this median.

• Robinson colony 1st 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 2nd Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Robinson colony 2nd Lane?

The Robinson colony 2nd Lane is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. It is essential for both buyers and sellers to 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 Robinson colony 2nd Lane?

The current guideline value of Robinson colony 2nd 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 by +144%, from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024.

What is the land classification of Robinson colony 2nd Lane?

Robinson colony 2nd Lane is classified as Residential Class I Type - I.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the other streets in Tondaiarpet with similar guideline values?

Other streets in Tondaiarpet with similar guideline values include Robinson colony 1st Lane, Rope Godown Street, Rathnasabhapathy Street, Rathnasabhapathy Lane, and Sajja Munusamy 1st lane, all at Rs 2,200 per sq.ft in 2024.