Guideline Value for Rajapalayam East Street

Rajapalayam East Street guideline value

The current guideline value of Rajapalayam East Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Rajapalayam East Street has changed

Over the years, the guideline value for Rajapalayam East Street has seen several revisions. The 2017 revision set the value at Rs 402 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 600 per sq.ft, marking a significant increase of 49% from 2017. The 2024 revision maintained this value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which aligns with the guideline value of Rajapalayam East Street.

• Rajapalayam South Street: Rs 600 per sq.ft (2024)
• Rajapalayam West Street: Rs 600 per sq.ft (2024)
• Pudu Vellazhar Street: Rs 600 per sq.ft (2024)
• Puduvattaram: Rs 300 per sq.ft (2024)
• Pudutheru Mangalam: Rs 600 per sq.ft (2024)
• Pudumettu Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajapalayam East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajapalayam East Street?

The Sub Registrar Office that covers Rajapalayam East Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukalukundrem A

The guideline value plays a crucial role during the registration process of property transactions in Thirukalukundrem A. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the authorities.

When buying or selling property, the guideline value helps determine the legal obligations for both parties. It is essential for buyers to be aware of the guideline value to understand the costs involved in the transaction, including stamp duty and registration fees that are calculated based on this value.

Frequently asked questions

What is the current guideline value of Rajapalayam East Street?

The current guideline value of Rajapalayam East Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017.

What are the other streets in Thirukalukundrem A with the same guideline value?

Other streets in Thirukalukundrem A that share the same guideline value of Rs 600 per sq.ft include Rajapalayam South Street, Rajapalayam West Street, Pudu Vellazhar Street, and Pudutheru Mangalam.

What fees are associated with buying property in Rajapalayam East Street?

When buying property, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

Which office handles the registration for Rajapalayam East Street?

The registration for Rajapalayam East Street is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.