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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 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 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 Ninna Karai 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. In 2012, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year. The overall change from 2012 to 2024 shows a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Ninna Karai

Ninna Karai 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 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 guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property must be registered. This ensures transparency and compliance with local regulations during the transaction 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 to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the other streets in Ninna Karai with the same guideline value?

Other streets in Ninna Karai with a guideline value of Rs 1,100 per sq.ft for 2024 include Rail Nagar 11nd Street, Rail Nagar 13nd Street, Rail Nagar 10nd Street, Rail Nagar, 13th Cross Street, Rail Nagar 14nd Street, and Rail Nagar, 14th Cross Street.

What is the registration office for Rail Nagar 12nd Street (Ward -2)?

The registration office for Rail Nagar 12nd Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Rail Nagar 12nd Street (Ward -2)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 77,000.