Guideline Value for Rajapalayam South Street

Rajapalayam South Street guideline value

The current guideline value of Rajapalayam South Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Rajapalayam South Street has changed

According to the guideline value register, the most recent revision for Rajapalayam South Street occurred in 2024, with a value of Rs 600 per sq.ft. This figure has remained unchanged from the previous revision in 2023, which also recorded a value of Rs 600 per sq.ft. Prior to that, the 2017 revision set the guideline value at Rs 402 per sq.ft. There are no recorded figures for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been a consistent increase of 49% from 2017 to 2024. The guideline value has remained stable between 2023 and 2024, showing no percentage change during this period.

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 across these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Rajapalayam South Street.

• Rajapalayam East 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 South Street

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajapalayam South Street?

The Sub Registrar Office that covers Rajapalayam South 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 is a crucial factor during the registration process when buying or selling property in Thirukalukundrem A. It helps determine the stamp duty and registration fees that must be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value is used as a reference point for pricing, and it plays a significant role in the overall registration process. Buyers and sellers should be familiar with the current guideline values to ensure compliance with local regulations and to avoid any potential disputes.

Frequently asked questions

What is the current guideline value of Rajapalayam South Street?

The current guideline value of Rajapalayam South 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 unchanged at Rs 600 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for Rajapalayam South Street?

The land classification for Rajapalayam South Street is Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty at 7% would be Rs 42,000.