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Guideline Value

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Guideline Value for RAIL NAGAR, 13TH CROSS STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar, 13th Cross 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, 13th Cross Street (ward -2)

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Rail Nagar, 13th Cross Street (Ward -2) guideline value

The current guideline value for Rail Nagar, 13th Cross Street (Ward -2) is Rs 661 per sq.ft. 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, 13th Cross Street (Ward -2) has changed

The guideline value for Rail Nagar, 13th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a significant figure. However, this value decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the 2023 revision adjusted the value down further to Rs 600 per sq.ft, a reduction of 10% from the previous figure.

As of the 2024 revision, effective from 1 July 2024, the guideline value has increased to Rs 661 per sq.ft, reflecting a 10% rise from the 2023 figure. Overall, from the 2012 revision to the 2024 revision, there has been a decline of 34%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for Rail Nagar, 13th Cross Street is below this median.

Stamp duty and registration fee for property in Rail Nagar, 13th Cross Street (Ward -2)

For a 1,000 sq.ft plot at the current rate of Rs 661 per sq.ft, the guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, these fees would total 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rail Nagar, 13th Cross Street (Ward -2)?

The Sub Registrar Office that covers Rail Nagar, 13th Cross 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 plays a crucial role during the registration of property transactions in Panangottur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value must be considered as it can affect the overall transaction costs. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Rail Nagar, 13th Cross Street?

The current guideline value for Rail Nagar, 13th Cross 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 661 per sq.ft in 2024, reflecting an overall decline of 34% across the revisions.

What is the land classification for Rail Nagar, 13th Cross Street?

Rail Nagar, 13th Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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.

How is stamp duty calculated for property in Rail Nagar, 13th Cross Street?

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.