Guideline Value for KAJANA RAMARAYAR STREET

Kajana Ramarayar Street guideline value

The current guideline value of Kajana Ramarayar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Kajana Ramarayar Street has changed

The guideline value for Kajana Ramarayar Street has seen several revisions over the years. In 2003, the guideline value was Rs 290 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 21% rise. The value then surged to Rs 1,500 per sq.ft in 2012, representing a significant increase of 329%. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 469%. It is important to note that the register has no figure for Kajana Ramarayar Street in 2002.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this division is Rs 1,320 per sq.ft, placing Kajana Ramarayar Street's 2024 figure above that median.

• Kailasanathar Mettu Street: Rs 880 per sq.ft (2024)
• Kamarajar Street: Rs 5,500 per sq.ft (2024)
• Kanikandeeswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Kanni Koil Stret: Rs 1,100 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 per sq.ft (2024)
• Katchabeswarar Merkku Mada Veethi: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kajana Ramarayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that 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 Kajana Ramarayar Street?

The Sub Registrar Office that covers Kajana Ramarayar Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial aspect when it comes to the registration of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring a standardized approach to property valuation.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair basis for the transaction, ensuring that the property is registered at a value that reflects current market conditions as set by the government.

Frequently asked questions

What is the current guideline value of Kajana Ramarayar Street?

The current guideline value of Kajana Ramarayar Street 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 290 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 469% over the years with various fluctuations in between.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 16,50,000, with a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers this street?

Kajana Ramarayar Street is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, and the guideline value for Kajana Ramarayar Street is above this median.