Guideline Value for KANAGARAJA CROSS STREET

Kanagaraja Cross Street guideline value

The current guideline value of Kanagaraja Cross Street is Rs 4,750 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Mixed Type - I land.

How the guideline value of Kanagaraja Cross Street has changed

Over the years, the guideline value of Kanagaraja Cross Street has seen several revisions. The 2017 revision set the value at Rs 3,000 per sq.ft. This increased significantly to Rs 4,480 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 4,750 per sq.ft, which is a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 58%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. Kanagaraja Cross Street's 2024 figure of Rs 4,750 per sq.ft is notably above this median.

• Kanakaraja Nagar: Rs 1,300 per sq.ft (2024)
• Kambar Street Extension: Rs 2,400 per sq.ft (2024)
• Kambar Street: Rs 2,700 per sq.ft (2024)
• Kambar Cross Street: Rs 2,400 per sq.ft (2024)
• Kannaki Street: Rs 880 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagaraja Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,750 per sq.ft, the total guideline value amounts to Rs 47,50,000. The stamp duty at 7% would be Rs 3,32,500, and the registration fee at 2% would be Rs 95,000, bringing the total fees together to Rs 4,27,500. 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 Kanagaraja Cross Street?

The Sub Registrar Office that covers Kanagaraja Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps both parties understand the expected price range for the transaction. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations for their property's value.

Frequently asked questions

What is the current guideline value of Kanagaraja Cross Street?

The current guideline value of Kanagaraja Cross Street is Rs 4,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2017 to Rs 4,750 per sq.ft in 2024, representing an overall increase of 58%.

What is the land classification for Kanagaraja Cross Street?

Kanagaraja Cross Street is classified as Mixed Type - I land.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Kanagaraja Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 47,50,000, the stamp duty would be Rs 3,32,500.