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Guideline Value

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Guideline Value for RAIL NAGAR 4ND STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar 4nd 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 4nd Street (ward -2)

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Rail Nagar 4nd Street (Ward -2) guideline value

The current guideline value for Rail Nagar 4nd 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 4nd Street (Ward -2) has changed

The guideline value for Rail Nagar 4nd Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in 2017, marking a significant drop of 33%. The value continued to decline, reaching Rs 600 per sq.ft in 2023, which is a further decrease of 10% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 661 per sq.ft, reflecting an increase of 10% from 2023.

It is important to note that there are no recorded 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 for these streets is Rs 990 per sq.ft, placing the 2024 figure for Rail Nagar 4nd Street below this median.

Stamp duty and registration fee for property in Rail Nagar 4nd 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, while the registration fee at 2% would be Rs 13,220. Therefore, the total cost for stamp duty and registration fee would be Rs 59,490. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rail Nagar 4nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 4nd Street (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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 minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay 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 in the area.

Frequently asked questions

What is the current guideline value of Rail Nagar 4nd Street (Ward -2)?

The current guideline value of Rail Nagar 4nd 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 in 2017, then to Rs 600 in 2023, and finally to Rs 661 in 2024. Overall, this represents a decrease of 34% from 2012 to 2024.

What is the stamp duty for property in Rail Nagar 4nd Street (Ward -2)?

The stamp duty for property in Rail Nagar 4nd Street is 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 be Rs 46,270.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

What are the other streets in Panangottur with the same guideline value?

Other streets in Panangottur with the same guideline value of Rs 661 per sq.ft include Rail Nagar, 3rd Cross Street, Rail Nagar 5nd Street, Rail Nagar 3nd Street, Rail Nagar 6nd Street, Rail Nagar 2nd Street, and Rail Nagar 7nd Street, all under the Chengleput Joint II SRO.