Guideline Value for RAYAN KUTTAI PALLA STREET

Rayan Kuttai Palla Street guideline value

The current guideline value of Rayan Kuttai Palla Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Rayan Kuttai Palla Street has changed

The guideline value for Rayan Kuttai Palla Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

In Kanchipuram Town, a total of 85 streets under the Kanchipuram Joint I SRO have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Rayan Kuttai Palla Street.

• Rayankuttai Mettu Street: Rs 1,870 per sq.ft (2024)
• Rayan Kuttai Street: Rs 1,650 per sq.ft (2024)
• Road Street: Rs 1,100 per sq.ft (2024)
• Salai Street: Rs 3,300 per sq.ft (2024)
• Railway Road: Rs 3,300 per sq.ft (2024)
• Sangeetha Vithvan Nainapillai Street (Or)puthheri Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rayan Kuttai Palla Street

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. Together, the total fees would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rayan Kuttai Palla Street?

The Sub Registrar Office that covers Rayan Kuttai Palla Street is 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 more information.

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

The guideline value is a crucial factor in property transactions in Kanchipuram Town, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rayan Kuttai Palla Street?

The current guideline value of Rayan Kuttai Palla 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 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 median guideline value in Kanchipuram Town?

The median guideline value in Kanchipuram Town is Rs 1,650 per sq.ft, which is the same as the current guideline value for Rayan Kuttai Palla Street.

What are the stamp duty and registration fees for a property in Rayan Kuttai Palla Street?

For a 1,000 sq.ft property, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Rayan Kuttai Palla Street?

The Kanchipuram Joint I Sub Registrar Office handles the registration for Rayan Kuttai Palla Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.