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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 3ND STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar 3nd 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 3nd Street (ward -2)

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Rail Nagar 3nd Street (Ward -2) guideline value

The current guideline value of Rail Nagar 3nd 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 3nd Street (Ward -2) has changed

The guideline value for Rail Nagar 3nd Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. The 2023 revision set the value at Rs 600 per sq.ft, a further decrease of 10% from the previous figure. The current revision in 2024 has increased the value to Rs 661 per sq.ft, reflecting a 10% increase from the 2023 figure.

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 that carry 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 3nd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Rail Nagar 3nd 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rail Nagar 3nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 3nd 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 plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value rather than fluctuating market prices.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the eyes of the law.

Frequently asked questions

What is the current guideline value of Rail Nagar 3nd Street (Ward -2)?

The current guideline value of Rail Nagar 3nd 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, showing an overall decrease of 34% over that period.

What is the land classification for Rail Nagar 3nd Street (Ward -2)?

The land classification for Rail Nagar 3nd Street (Ward -2) is Residential Class I Type - I.

Which office handles registrations for Rail Nagar 3nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office handles registrations for Rail Nagar 3nd Street (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Rail Nagar 3nd Street (Ward -2)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 6,61,000, leading to a stamp duty of Rs 46,270.