Guideline Value for EAST RAJA STREET

East Raja Street guideline value

The current guideline value of East Raja Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Special Type - III.

How the guideline value of East Raja Street has changed

In the 2012 revision, the guideline value for East Raja Street was Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft, reflecting a drop of 33%. The value then increased significantly to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. The overall change from 2012 to 2024 shows a modest increase of 10%.

The register has no figures for East Raja Street for the years 2002, 2003, and 2007.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,650 per sq.ft, placing East Raja Street's 2024 figure above this median.

• Ekambaranathar North Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar Sannathi Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar South Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambaranathar West Mada Street: Rs 2,200 per sq.ft (2024)
• Ekambarapuram Street: Rs 1,650 per sq.ft (2024)
• Dhamalvar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in East Raja 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 to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Raja Street?

The Sub Registrar Office that covers East Raja Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kanchipuram Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of East Raja Street?

The current guideline value of East Raja 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 for East Raja Street has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then back to Rs 3,000 per sq.ft in 2023, finally reaching Rs 3,300 per sq.ft in 2024.

What is the land classification for East Raja Street?

East Raja Street is classified as Residential Special Type - III.

What are the other guideline values in Kanchipuram Town?

Other streets in Kanchipuram Town have guideline values ranging from Rs 880 to Rs 5,500 per sq.ft, with the median being Rs 1,650 per sq.ft.

How is stamp duty calculated for properties in East Raja Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,31,000.