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Guideline Value

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

₹1100/sq.ft.

The guideline value for Rail Nagar 8nd Street (ward -2) in Sattamangalam 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

Sattamangalam

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 Sattamangalam 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

The guideline value for Rail Nagar 8nd Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, marking a drop of 33%. In the subsequent revision in 2023, the guideline value increased to Rs 1,000 per sq.ft, and then further rose to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value saw a significant increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 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 value is Rs 1,100 per sq.ft, placing Rail Nagar 8nd Street at the median level for 2024.

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 amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 8nd Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar 8nd Street (Ward -2). The office is 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 Sattamangalam

The guideline value is a crucial factor during the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the official value as assessed by the government.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs for the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, ensuring that the state collects 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Rail Nagar 8nd Street (Ward -2)?

For a 1,000 sq.ft property, the total guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Rail Nagar 8nd Street (Ward -2)?

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

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.