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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 10ND STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar 10nd Street (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 10nd Street (ward -2)

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Rail Nagar 10nd Street (Ward -2) guideline value

The current guideline value of Rail Nagar 10nd Street (Ward -2) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rail Nagar 10nd Street (Ward -2) has changed

The guideline value for Rail Nagar 10nd Street has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a significant decrease to Rs 670 per sq.ft in the 2017 revision, marking a drop of 33%. The value further decreased by 10% to Rs 600 per sq.ft in 2023. The most recent revision in 2024 shows an increase to Rs 661 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. 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 that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, indicating that the 2024 figure for Rail Nagar 10nd Street is below this median.

Stamp duty and registration fee for property in Rail Nagar 10nd Street (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rail Nagar 10nd Street (Ward -2)?

The Sub Registrar Office that covers Rail Nagar 10nd Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, 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 in the property registration process in Panangottur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations, which can influence the financial aspects of property transfers.

Frequently asked questions

What is the current guideline value of Rail Nagar 10nd Street?

The current guideline value of Rail Nagar 10nd Street (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 several times, with the most recent increase being from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024. The value has seen a significant decrease from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017 and further down to Rs 600 per sq.ft in 2023.

What is the land classification for Rail Nagar 10nd Street?

Rail Nagar 10nd Street (Ward -2) is classified as Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles property registrations for the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the guideline value of Rs 661 per sq.ft, the total fees would include a stamp duty of 7% and a registration fee of 2% on the guideline value.