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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 12ND STREET (WARD -2)

₹1100/sq.ft.

The guideline value for Rail Nagar 12nd Street (ward -2) in Kattankollatur 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

Kattankollatur

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 12nd Street (ward -2)

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Rail Nagar 12nd Street (Ward -2) guideline value

The current guideline value for Rail Nagar 12nd Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur 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 12nd Street (Ward -2) has changed

The guideline value for Rail Nagar 12nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. There was a significant increase of 49% from 2017 to the 2023 revision, where the value rose to Rs 1,000 per sq.ft. Following this, the 2024 revision saw a further increase of 10%, bringing the current guideline value to Rs 1,100 per sq.ft.

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

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value for Rail Nagar 12nd Street.

Stamp duty and registration fee for property in Rail Nagar 12nd Street (Ward -2)

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar 12nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 12nd Street (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 Kattankollatur

The guideline value is a critical factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

Frequently asked questions

What is the current guideline value for Rail Nagar 12nd Street (Ward -2)?

The current guideline value for Rail Nagar 12nd 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,100 per sq.ft in 2024.

What is the land classification for Rail Nagar 12nd Street?

The land classification for Rail Nagar 12nd Street (Ward -2) is Residential Class I Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for properties in Rail Nagar 12nd Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.