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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 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, 1st Street (ward -2)

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

The current guideline value of Rail Nagar, 1st 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, and it falls under the Residential Class I Type - I land classification.

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. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,000 per sq.ft. The most recent revision in 2024 has increased the value to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the 2024 figure 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 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 to 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 use the stamp duty and registration fee calculator for accurate calculations.

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 information.

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

The guideline value serves as a reference point for property transactions in Sattamangalam. It is essential during the registration process, as it helps determine the stamp duty and registration fees applicable to a property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of 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 increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the stamp duty rate for properties in Rail Nagar, 1st Street (Ward -2)?

The stamp duty rate for properties in Rail Nagar, 1st Street (Ward -2) is 7% of the guideline value or sale price, whichever is higher.

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), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Rail Nagar, 1st Street (Ward -2) is classified under Residential Class I Type - I land classification.