Guideline Value for RAYAN KUTTAI STREET

Rayan Kuttai Street guideline value

The current guideline value of Rayan Kuttai 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 Street has changed

The guideline value for Rayan Kuttai Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further rose to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a substantial increase of 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 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. The median value is Rs 1,650 per sq.ft, which aligns with the 2024 figure for Rayan Kuttai Street.

• Rayan Kuttai Palla Street: Rs 1,650 per sq.ft (2024)
• Rayankuttai Mettu Street: Rs 1,870 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 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, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rayan Kuttai Street?

The Sub Registrar Office that covers Rayan Kuttai 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 during the registration of property transactions in Kanchipuram Town. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rayan Kuttai Street?

The current guideline value of Rayan Kuttai 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 classification of Rayan Kuttai Street?

Rayan Kuttai Street is classified as Residential Class II Type - III.

Where can I find the registration office for Rayan Kuttai Street?

The registration office for Rayan Kuttai 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.

How is the stamp duty calculated for property in Rayan Kuttai 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 16,50,000, the stamp duty would be Rs 1,15,500.