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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 11ND STREET (WARD -2)

₹1100/sq.ft.

The guideline value for Rail Nagar 11nd Street (ward -2) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /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 11nd Street (ward -2)

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Rail Nagar 11nd Street (Ward -2) guideline value

The current guideline value for Rail Nagar 11nd Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rail Nagar 11nd Street (Ward -2) has changed

The guideline value for Rail Nagar 11nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, marking a significant 49% increase to the 2023 figure. The 2012 revision also listed the value at Rs 1,000 per sq.ft, which represented a decrease of 33% from the 2017 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, the guideline value has increased by 10% from Rs 1,000 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024. This consistent upward movement reflects the evolving property landscape in the area.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which aligns with the current value for Rail Nagar 11nd Street.

Stamp duty and registration fee for property in Rail Nagar 11nd Street (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar 11nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 11nd Street (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Rail Nagar 11nd Street (Ward -2)?

The current guideline value for Rail Nagar 11nd Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, with various changes in between, including a decrease in 2012.

What is the median guideline value for streets in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft, which is the same as the current guideline value for Rail Nagar 11nd Street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 99,000.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.