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Guideline Value

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Guideline Value for RAIL NAGAR, 14TH CROSS STREET (WARD -2)

₹661/sq.ft.

The guideline value for Rail Nagar, 14th 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, 14th Cross Street (ward -2)

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Rail Nagar, 14th Cross Street (Ward -2) guideline value

The current guideline value for Rail Nagar, 14th Cross Street (Ward -2) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Panangottur 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, 14th Cross Street (Ward -2) has changed

The guideline value for Rail Nagar, 14th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the 2023 revision saw a further decrease to Rs 600 per sq.ft, a 10% drop from the previous figure. The most recent revision in 2024 has increased the value to Rs 661 per sq.ft, reflecting a 10% rise from the 2023 figure.

It is important to note that there are no registered figures for this street for the years 2002, 2003, and 2007. Overall, the guideline value has decreased by 34% from the 2012 figure to the current 2024 value.

Guideline values in Panangottur

In Panangottur, there are 419 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 for these streets is Rs 990 per sq.ft, indicating that the guideline value for Rail Nagar, 14th Cross Street is below this median.

Stamp duty and registration fee for property in Rail Nagar, 14th Cross Street (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty, charged at 7%, would be Rs 46,270, while the registration fee at 2% would be Rs 13,220, bringing the total fees together to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar, 14th Cross Street (Ward -2)?

The Sub Registrar Office covering Rail Nagar, 14th Cross Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, 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 Panangottur

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are recorded at a fair value as determined by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Rail Nagar, 14th Cross Street?

The current guideline value for Rail Nagar, 14th 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 670 in 2017, then to Rs 600 in 2023, and finally to Rs 661 in 2024. Overall, this represents a decrease of 34% from the 2012 figure to the current value.

What is the land classification for Rail Nagar, 14th Cross Street?

The land classification for Rail Nagar, 14th Cross Street (Ward -2) is Residential Class I Type - I. This classification is significant for determining the types of developments permitted in the area.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator. This tool will help you determine the fees based on the guideline value and sale price.

Which office handles the registration process for Rail Nagar, 14th Cross Street?

The registration process for Rail Nagar, 14th Cross Street (Ward -2) is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.