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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 5ND STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar 5nd 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 5nd Street (ward -2)

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Rail Nagar 5nd Street (Ward -2) guideline value

The current guideline value of Rail Nagar 5nd Street (Ward -2) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rail Nagar 5nd Street (Ward -2) has changed

The guideline value for Rail Nagar 5nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the 2023 revision adjusted the value down further to Rs 600 per sq.ft, before the most recent increase to Rs 661 per sq.ft in 2024, reflecting 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%. The change from 2017 to 2023 was a reduction of 10%, and from 2012 to 2017, there was a significant drop of 33% in the guideline value.

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 value is Rs 990 per sq.ft, indicating that the guideline value of Rail Nagar 5nd Street at Rs 661 per sq.ft is below this median.

Stamp duty and registration fee for property in Rail Nagar 5nd 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 would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total charges 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar 5nd Street (Ward -2)?

The Sub Registrar Office that covers Rail Nagar 5nd 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 during the registration process when buying or selling property in Panangottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property transaction occurs, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value for Rail Nagar 5nd Street (Ward -2)?

The current guideline value for Rail Nagar 5nd Street (Ward -2) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Rail Nagar 5nd Street (Ward -2)?

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 land classification for Rail Nagar 5nd Street (Ward -2)?

Rail Nagar 5nd Street (Ward -2) is classified as Residential Class I Type - I.

Which office handles registrations for Rail Nagar 5nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office handles registrations for Rail Nagar 5nd Street (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Rail Nagar 5nd Street (Ward -2)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 46,270.