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Guideline Value

Corporate

Guideline Value for RAIL NAGAR 8ND STREET (WARD -2)

₹1100/sq.ft.

The guideline value for Rail Nagar 8nd Street (ward -2) in Kattankollatur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Kattankollatur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /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 8nd Street (ward -2)

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Rail Nagar 8nd Street (Ward -2) guideline value

The current guideline value of Rail Nagar 8nd Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur 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 8nd Street (Ward -2) has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained the same in the subsequent 2012 revision. However, in 2017, it dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The value increased significantly in the 2023 revision to Rs 1,000 per sq.ft, and then further increased to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value showed a substantial increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase, with the current guideline value aligning with the median value for Kattankollatur streets.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,612 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Rail Nagar 8nd Street (Ward -2). Below are the guideline values for other streets in Kattankollatur:

Stamp duty and registration fee for property in Rail Nagar 8nd Street (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Rail Nagar 8nd Street (Ward -2)?

The Sub Registrar Office that covers Rail Nagar 8nd Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kattankollatur

The guideline value is a crucial factor in the registration process for property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rail Nagar 8nd Street (Ward -2)?

The current guideline value of Rail Nagar 8nd Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,000 per sq.ft in 2012, dropping to Rs 670 per sq.ft in 2017, and then increasing to Rs 1,000 per sq.ft in 2023, before reaching Rs 1,100 per sq.ft in 2024.

What is the land classification for Rail Nagar 8nd Street (Ward -2)?

The land classification for Rail Nagar 8nd Street (Ward -2) is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 99,000 in fees.

Where can I find the Sub Registrar Office for Rail Nagar 8nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 8nd Street (Ward -2) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.