Guideline Value for East Raja Veedhi East side, West side

East Raja Veedhi East side, West side guideline value

The current guideline value for East Raja Veedhi East side and West side is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of East Raja Veedhi East side, West side has changed

The guideline value for East Raja Veedhi has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This value decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, in the 2023 revision, the value increased significantly to Rs 1,500 per sq.ft, and then further rose to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The revisions from 2017 to 2023 show a substantial increase of 49%, indicating a notable change in the guideline value during that period.

Guideline values in Mamallapuram

Mamallapuram has a total of 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median value among these streets is Rs 935 per sq.ft, placing East Raja Veedhi's 2024 figure above this median.

• E.C.R. 1st Cross Street: Rs 1,210 per sq.ft (2024)
• E.C.R. 2nd Cross Street: Rs 1,210 per sq.ft (2024)
• E.C.R Salai: Rs 1,330 per sq.ft (2024)
• Fisherman Colony: Rs 825 per sq.ft (2024)
• Fisherman Colony 1st Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 2nd Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in East Raja Veedhi East side, West side

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. 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 East Raja Veedhi East side, West side?

The Sub Registrar Office that covers East Raja Veedhi East side and West side is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction process.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for East Raja Veedhi?

The current guideline value for East Raja Veedhi East side and West side is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for East Raja Veedhi?

East Raja Veedhi is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Which office handles property registrations for East Raja Veedhi?

The Thirukazhukundram Sub Registrar Office handles property registrations for East Raja Veedhi, located at Thiruchengode - 637 211, Chengalpattu registration zone.