Guideline Value for Rajapalayam West Street

Rajapalayam West Street guideline value

The current guideline value of Rajapalayam West 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 West Street has changed

The guideline value for Rajapalayam West Street has remained consistent at Rs 600 per sq.ft for the revisions in both 2023 and 2024. Prior to this, in the 2017 revision, the guideline value was Rs 402 per sq.ft, marking a significant increase of 49% to reach the current figure.

There are no recorded guideline values for Rajapalayam West Street in the revisions of 2002, 2003, 2007, and 2012. 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 guideline value is Rs 600 per sq.ft, which aligns with the current value of Rajapalayam West Street.

• Rajapalayam South Street: Rs 600 per sq.ft (2024)
• Rajapalayam East 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 West 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 fees together to Rs 54,000. It is important to note that 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 West Street?

The Sub Registrar Office that covers Rajapalayam West 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 critical factor in property transactions in Thirukalukundrem A. It serves as a reference point for determining stamp duty and registration fees when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Rajapalayam West Street?

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

How has the guideline value changed over the years?

The guideline value for Rajapalayam West Street has remained at Rs 600 per sq.ft since 2023. It increased from Rs 402 per sq.ft in 2017, showing a 49% increase overall from 2017 to 2024.

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

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

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Rajapalayam West Street is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration process.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Rajapalayam West Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. For more information, you can visit the provided link to find your SRO.