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Guideline Value

Corporate

Guideline Value for ABI RAIL NAGAR(KR)

₹990/sq.ft.

The guideline value for Abi Rail Nagar(kr) in Panangottur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Panangottur

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Abi Rail Nagar(kr)

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Abi Rail Nagar(Kr) guideline value

The current guideline value of Abi Rail Nagar(Kr) is Rs 990 per sq.ft. This area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Abi Rail Nagar(Kr) has changed

The guideline value for Abi Rail Nagar(Kr) has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 603 per sq.ft. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the latest 2024 revision has raised it further to Rs 990 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, which is equal to the guideline value for Abi Rail Nagar(Kr).

Stamp duty and registration fee for property in Abi Rail Nagar(Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges together to Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abi Rail Nagar(Kr)?

The Sub Registrar Office that covers Abi Rail Nagar(Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Panangottur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area. The guideline value is a reference point for both buyers and sellers during the registration process.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Abi Rail Nagar(Kr)?

The current guideline value of Abi Rail Nagar(Kr) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the other streets in Panangottur and their guideline values?

Other streets in Panangottur include Adithiya Garden and Agathiar Street (Ward -7) at Rs 1,320 per sq.ft, and Agayathiyar Street (N) and Agayathya Garden (N) at Rs 660 per sq.ft, among others.

What is the stamp duty rate for property in Abi Rail Nagar(Kr)?

The stamp duty rate for property transactions in Abi Rail Nagar(Kr) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Abi Rail Nagar(Kr)?

The Sub Registrar Office for Abi Rail Nagar(Kr) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.