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Guideline Value

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

₹1100/sq.ft.

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

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

The current guideline value for Rail Nagar, 2nd 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, 2nd Cross Street (Ward -2) has changed

The guideline value for Rail Nagar, 2nd 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, reflecting a decrease of 33%. However, the value increased to Rs 1,000 per sq.ft in the 2023 revision and further rose to Rs 1,100 per sq.ft in the 2024 revision, marking a total increase of 10% from the previous year.

From 2017 to 2023, the value saw a significant increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are a total of 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, 2nd Cross Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while 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 also use the stamp duty and registration fee calculator for more detailed calculations.

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

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

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

The guideline value is a crucial factor during property registration in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to the local guidelines.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. This ensures that both buyers and sellers are aware of the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for Rail Nagar, 2nd Cross Street?

The current guideline value for Rail Nagar, 2nd 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 in 2023, and finally to Rs 1,100 in 2024.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot valued at Rs 1,100 per sq.ft, the total guideline value is 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 the registration for Rail Nagar, 2nd Cross Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Rail Nagar, 2nd Cross Street (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value determined for properties in Peramanoor?

The guideline value is determined based on various factors, including the location and classification of the land. It is updated periodically to reflect changes in the real estate market and is used as a basis for calculating stamp duty and registration fees.