Guideline Value for Rajampet Saliyar Street

Rajampet Saliyar Street guideline value

The current guideline value of Rajampet Saliyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - II.

How the guideline value of Rajampet Saliyar Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure then decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Rajampet Saliyar Street's 2024 figure is below that median.

• Rajampet Street: Rs 3,300 per sq.ft (2024)
• Railway Road: Rs 3,300 per sq.ft (2024)
• Ramana Nagar: Rs 1,100 per sq.ft (2024)
• Reddipet Keezh Santhu: Rs 1,100 per sq.ft (2024)
• Sangusapet Street: Rs 3,300 per sq.ft (2024)
• Santhaaleeswarar Kovil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Rajampet Saliyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 information.

Which Sub Registrar Office covers Rajampet Saliyar Street?

The Sub Registrar Office covering Rajampet Saliyar Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in property transactions within the 2nd Division. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the taxes and fees involved in the transaction.

Frequently asked questions

What is the current guideline value of Rajampet Saliyar Street?

The current guideline value of Rajampet Saliyar Street is Rs 1,100 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 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Rajampet Saliyar Street?

Rajampet Saliyar Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Rajampet Saliyar Street?

The Sub Registrar Office for Rajampet Saliyar Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rajampet Saliyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.