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Guideline Value

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

₹1100/sq.ft.

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

Peramanoor

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, 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 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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, 13th Cross Street (Ward -2) has changed

The guideline value for Rail Nagar, 13th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, notable changes include a decrease of 33% from 2012 to 2017, and a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value for Rail Nagar, 13th Cross Street.

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 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, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

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

The Chengleput Joint II Sub Registrar Office covers Rail Nagar, 13th Cross Street. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the established framework.

Frequently asked questions

What is the current guideline value for Rail Nagar, 13th Cross Street (Ward -2)?

The current guideline value for Rail Nagar, 13th Cross 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 to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Rail Nagar, 13th Cross Street (Ward -2)?

The land classification for Rail Nagar, 13th Cross Street (Ward -2) is Residential Class I Type - I.

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, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rail Nagar, 13th Cross Street (Ward -2)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000.