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Guideline Value

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Guideline Value for RAIL NAGAR, 1ST STREET (WARD -2)

₹1100/sq.ft.

The guideline value for Rail Nagar, 1st Street (ward -2) 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 ₹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, 1st Street (ward -2)

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Rail Nagar, 1st Street (Ward -2) guideline value

The current guideline value for Rail Nagar, 1st Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai 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, 1st Street (Ward -2) has changed

The guideline value for Rail Nagar, 1st Street (Ward -2) has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, before increasing again to Rs 1,000 per sq.ft in the 2023 revision. Currently, the 2024 revision sets the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes are notable: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a rise of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Ninna Karai

Ninna Karai village has 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value for Rail Nagar, 1st Street (Ward -2).

Stamp duty and registration fee for property in Rail Nagar, 1st 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, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Nagar, 1st Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office covers Rail Nagar, 1st Street (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rail Nagar, 1st Street (Ward -2)?

The current guideline value for Rail Nagar, 1st 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. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for Rail Nagar, 1st Street (Ward -2)?

The land classification for Rail Nagar, 1st Street (Ward -2) is Residential Class I Type - I. This classification indicates the type of residential development permitted in the area.

What are the stamp duty and registration fees for property in Rail Nagar, 1st Street (Ward -2)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Rail Nagar, 1st Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office handles registrations for Rail Nagar, 1st Street (Ward -2). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.