Guideline Value for WEST RAJA STREET

West Raja Street guideline value

The current guideline value of West Raja Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of West Raja Street has changed

The guideline value for West Raja Street has experienced several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was adjusted to Rs 2,345 per sq.ft, marking a decrease of 33%. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the most recent 2024 revision raised it to Rs 3,850 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for West Raja Street. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision.

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. The median value among these streets is Rs 1,650 per sq.ft, placing West Raja Street's 2024 figure above the median.

• Wise Presedent Paramasivam Street(Or)nimanthakara Street: Rs 1,650 per sq.ft (2024)
• Vellakulam Street: Rs 1,100 per sq.ft (2024)
• Varadhappan Street: Rs 880 per sq.ft (2024)
• Varadhappan Back Street: Rs 880 per sq.ft (2024)
• Vaitheeyar Street: Rs 1,980 per sq.ft (2024)
• Vaigundaperumal Mada Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in West Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Raja Street?

The Sub Registrar Office that covers West Raja 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 details.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value is an essential factor in property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, which can vary based on the property's size and location. It is crucial for both parties to understand how the guideline value affects their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of West Raja Street?

The current guideline value of West Raja Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for West Raja Street?

The land classification for West Raja Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for West Raja Street?

The Sub Registrar Office for West Raja 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.

How is the stamp duty calculated for properties in Kanchipuram Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.