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Guideline Value

Corporate

Guideline Value for RAIL NAGAR (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar (ward -2) in Panangottur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 661 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Panangottur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹661 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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 Rail Nagar (ward -2)

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Rail Nagar (Ward -2) guideline value

The current guideline value of Rail Nagar (Ward -2) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Rail Nagar (Ward -2) has changed

The guideline value for Rail Nagar (Ward -2) has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017, marking a significant drop of 33%. The subsequent revision in 2023 saw a further decline to Rs 600 per sq.ft, a decrease of 10% from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value is Rs 661 per sq.ft, reflecting an increase of 10% from the 2023 figure. Overall, from 2012 to 2024, the guideline value has decreased by 34%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, indicating that the current guideline value of Rail Nagar (Ward -2) is below this median.

Stamp duty and registration fee for property in Rail Nagar (Ward -2)

For a 1,000 sq.ft plot at the current rate of Rs 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. 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 Rail Nagar (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 during property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. The registration office uses the guideline value to ensure that the correct duties are charged based on the property's assessed value.

When selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations and rights during the registration process.

Frequently asked questions

What is the current guideline value of Rail Nagar (Ward -2)?

The current guideline value of Rail Nagar (Ward -2) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 661 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 600 per sq.ft in 2023.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft, which is higher than the current value of Rail Nagar (Ward -2).

What are the stamp duty and registration fees for property in Rail Nagar (Ward -2)?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,490.

Which office handles property registrations in Rail Nagar (Ward -2)?

The Chengleput Joint II Sub Registrar Office handles property registrations in Rail Nagar (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.