Guideline Value for RAJAGOPAL BOOPATHI STREET NARASAINGARAYAN STREET

Rajagopal Boopathi Street Narasaingarayan Street guideline value

The current guideline value for Rajagopal Boopathi Street Narasaingarayan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Rajagopal Boopathi Street Narasaingarayan Street has changed

The guideline value for Rajagopal Boopathi Street Narasaingarayan Street has seen several revisions over the years. The earliest recorded value is from 2007, at Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a 400% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 1,320 per sq.ft. The guideline value for Rajagopal Boopathi Street Narasaingarayan Street is above this median.

• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)
• Pudupalaya Street: Rs 1,320 per sq.ft (2024)
• Pillaiyar Palayam Nadu Street: Rs 1,320 per sq.ft (2024)
• Pallavar Medu: Rs 1,320 per sq.ft (2024)
• Selai Ramasami Street: Rs 1,320 per sq.ft (2024)
• Sengundhar Nagar Part 2 Phase I: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Boopathi Street Narasaingarayan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Rajagopal Boopathi Street Narasaingarayan Street?

The Sub Registrar Office that covers Rajagopal Boopathi Street Narasaingarayan 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 more information.

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

The guideline value is an important factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the property transaction.

When a property is registered, the guideline value is used to determine the applicable taxes. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajagopal Boopathi Street Narasaingarayan Street?

The current guideline value of Rajagopal Boopathi Street Narasaingarayan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for this street?

Rajagopal Boopathi Street Narasaingarayan Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Rajagopal Boopathi Street Narasaingarayan Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would amount to Rs 1,54,000.