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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 13ND STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar 13nd 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 13nd Street (ward -2)

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Rail Nagar 13nd Street (Ward -2) guideline value

The current guideline value of Rail Nagar 13nd 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, classified as Residential Class I Type - I.

How the guideline value of Rail Nagar 13nd Street (Ward -2) has changed

The guideline value for Rail Nagar 13nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision saw a further drop to Rs 600 per sq.ft, a decline of 10%. The most recent revision in 2024 has increased the value to Rs 661 per sq.ft, reflecting a rise of 10% 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, with guideline values 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 13nd Street is below this median.

Stamp duty and registration fee for property in Rail Nagar 13nd 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 fees to Rs 59,490. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Rail Nagar 13nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 13nd Street (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 crucial factor during the registration of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential to be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Rail Nagar 13nd Street (Ward -2)?

The current guideline value of Rail Nagar 13nd 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.

What is the classification of land in Rail Nagar 13nd Street (Ward -2)?

Rail Nagar 13nd Street (Ward -2) is classified as Residential Class I Type - I.

How is stamp duty calculated for property in Rail Nagar 13nd Street (Ward -2)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,61,000, the stamp duty would amount to Rs 46,270.

Which office handles property registrations for Rail Nagar 13nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Rail Nagar 13nd Street (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.