Guideline Value for RAILWAY ROAD

Railway Road guideline value

The current guideline value of Railway Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road 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 Railway Road has changed

The guideline value for Railway Road has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a 33% drop from the previous figure. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the current value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

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, with a median value of Rs 1,650 per sq.ft. The guideline value of Railway Road is above this median, indicating its relative standing within the town.

• Rayankuttai Mettu Street: Rs 1,870 per sq.ft (2024)
• Rayan Kuttai Palla Street: Rs 1,650 per sq.ft (2024)
• Rayan Kuttai Street: Rs 1,650 per sq.ft (2024)
• Road Street: Rs 1,100 per sq.ft (2024)
• Perumal Street (Or)perumal Naiyackkan Street: Rs 1,100 per sq.ft (2024)
• Pavalavannar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Railway Road

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, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Railway Road?

The Railway Road falls under the jurisdiction of 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 additional 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 process for property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Railway Road?

The current guideline value of Railway Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the land classification for Railway Road?

Railway Road is classified as Residential Special Type - III under the Kanchipuram Joint I SRO.

What are the stamp duty rates for property in Railway Road?

The stamp duty for property in Railway Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Railway Road?

The Sub Registrar Office for Railway Road is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.