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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 14ND STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar 14nd 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 14nd Street (ward -2)

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Rail Nagar 14nd Street (Ward -2) guideline value

The current guideline value of Rail Nagar 14nd 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rail Nagar 14nd Street (Ward -2) has changed

The guideline value for Rail Nagar 14nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 661 per sq.ft, which is an increase from Rs 600 per sq.ft in the 2023 revision, reflecting a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, indicating a decrease of -10% from 2017 to 2023. The 2012 revision had a significantly higher value of Rs 1,000 per sq.ft, which was a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has decreased by -34%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. This lack of data means that we cannot assess any changes during those years.

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 value for these streets is Rs 990 per sq.ft, placing the guideline value of Rail Nagar 14nd Street below this median.

Stamp duty and registration fee for property in Rail Nagar 14nd 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, leading to a total cost of Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar 14nd Street (Ward -2)?

The Sub Registrar Office that covers Rail Nagar 14nd Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, 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 crucial factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rail Nagar 14nd Street (Ward -2)?

The current guideline value of Rail Nagar 14nd 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 661 per sq.ft in 2024, reflecting an overall decrease of -34%. The most recent change was an increase of +10% from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024.

What is the land classification for Rail Nagar 14nd Street (Ward -2)?

The land classification for Rail Nagar 14nd Street (Ward -2) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 14nd Street (Ward -2). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property transactions?

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