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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 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, 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 Sattamangalam village under the Chengleput Joint II SRO, 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 seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, and the current value is Rs 1,100 per sq.ft as of the 2024 revision.

From the 2017 to 2023 revision, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Rail Nagar, 13th Cross Street at this median value.

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 amounts to 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, bringing the total fees to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Sattamangalam. It serves as a standard reference for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When you buy or sell property, the guideline value affects the stamp duty and registration fees payable. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of 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 back 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?

Rail Nagar, 13th Cross Street (Ward -2) is classified as 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000.