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Guideline Value

Corporate

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

₹661/sq.ft.

The guideline value for Rail Nagar 12nd 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 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 661 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO with a land classification of 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 undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased by 33% to Rs 670 per sq.ft in 2017. Following this, the value further decreased by 10% to Rs 600 per sq.ft in 2023. The most recent revision in 2024 has increased the guideline value to Rs 661 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 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 have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, placing Rail Nagar 12nd Street's 2024 value below this median.

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 661 per sq.ft, the total 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, bringing the total cost for these fees to Rs 59,490. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

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 Panangottur

The guideline value is a critical factor when registering property transactions in Panangottur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, the guideline value ensures that the transaction reflects a fair valuation according to the government’s assessment. This helps in maintaining transparency and consistency in property dealings.

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 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 670 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024. Overall, there has been a decrease of 34% from 2012 to 2024.

What is the stamp duty rate in Rail Nagar 12nd Street (Ward -2)?

The stamp duty rate for property transactions in Rail Nagar 12nd Street (Ward -2) is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Rail Nagar 12nd Street (Ward -2)?

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

What is the median guideline value for streets in Panangottur?

The median guideline value for streets in Panangottur is Rs 990 per sq.ft, with Rail Nagar 12nd Street's current value being below this median.