Guideline Value

Corporate

Guideline Value for RAIL NAGAR PART -I

₹1100/sq.ft.

The guideline value for Rail Nagar Part -i in Ninna Karai 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

Ninna Karai

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 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Part -i

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Rail Nagar Part -I guideline value

The current guideline value of Rail Nagar Part -I in Ninna Karai village, under the Chengleput Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Rail Nagar Part -I has changed

Over the years, the guideline value for Rail Nagar Part -I has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a guideline value of Rs 1,000 per sq.ft in 2023, which increased to Rs 1,100 per sq.ft in 2024, marking a change of +10%.

The 2024 revision brings the guideline value in line with the median value for the village, which ranges from Rs 440 to Rs 3,500 per sq.ft. The 2023 figure of Rs 1,000 per sq.ft was the previous value before this increase.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The guideline value for Rail Nagar Part -I is equal to the median value of Rs 1,100 per sq.ft. Below are the guideline values for other streets in Ninna Karai:

Stamp duty and registration fee for property in Rail Nagar Part -I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is calculated at 7%, which totals Rs 77,000, and the registration fee is 2%, amounting to Rs 22,000. Together, these fees total Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar Part -I?

The Sub Registrar Office that covers Rail Nagar Part -I 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 Ninna Karai

The guideline value is a critical factor in the registration process when buying or selling property in Ninna Karai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which ensures that the transaction is fairly assessed.

Frequently asked questions

What is the current guideline value for Rail Nagar Part -I?

The current guideline value for Rail Nagar Part -I 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 an increase from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, which is a change of +10%. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Rail Nagar Part -I?

The land classification for Rail Nagar Part -I is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Rail Nagar Part -I is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value or sale price.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.