Guideline Value for RAYANKUTTAI METTU STREET

Rayankuttai Mettu Street guideline value

The current guideline value of Rayankuttai Mettu Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village under the Kanchipuram Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Rayankuttai Mettu Street has changed

The guideline value for Rayankuttai Mettu Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, and further rose to Rs 1,870 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it rose by 10%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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 of Rs 1,650 per sq.ft. The guideline value of Rayankuttai Mettu Street is above this median.

• 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)
• 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 Rayankuttai Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rayankuttai Mettu Street?

The Sub Registrar Office that covers Rayankuttai Mettu 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 an essential reference for property transactions in Kanchipuram Town. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rayankuttai Mettu Street?

The current guideline value of Rayankuttai Mettu Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What are the other streets in Kanchipuram Town and their guideline values?

Other streets in Kanchipuram Town include Rayan Kuttai Palla Street and Rayan Kuttai Street, both at Rs 1,650 per sq.ft, and Salai Street and Railway Road, both at Rs 3,300 per sq.ft.

What fees are associated with purchasing property on Rayankuttai Mettu Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rayankuttai Mettu Street?

The Kanchipuram Joint I Sub Registrar Office covers Rayankuttai Mettu Street and is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502.