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Guideline Value

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Guideline Value for RAIL NAGAR, 3RD CROSS STREET (WARD -2)

₹1100/sq.ft.

The guideline value for Rail Nagar, 3rd Cross Street (ward -2) in Kattankollatur 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

Kattankollatur

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, 3rd Cross Street (ward -2)

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Rail Nagar, 3rd Cross Street (Ward -2) guideline value

The current guideline value for Rail Nagar, 3rd Cross Street (Ward -2) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur 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, 3rd Cross Street (Ward -2) has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision, representing a -33% change. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and further increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a +10% change. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, which is equal to the current guideline value of Rail Nagar, 3rd Cross Street (Ward -2).

Stamp duty and registration fee for property in Rail Nagar, 3rd 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, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Rail Nagar, 3rd Cross Street (Ward -2)?

The Sub Registrar Office that covers Rail Nagar, 3rd Cross Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, 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 Kattankollatur

The guideline value is a critical factor in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The registration process relies on this value to ensure that the appropriate taxes are collected based on the property's worth.

When selling property, the guideline value helps establish a baseline for negotiations. It provides both buyers and sellers with a reference point to understand the minimum value assigned to the property by the government, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Rail Nagar, 3rd Cross Street (Ward -2)?

The current guideline value of Rail Nagar, 3rd 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 to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024. This reflects various increases and decreases over the years.

What is the land classification for Rail Nagar, 3rd Cross Street (Ward -2)?

The land classification for Rail Nagar, 3rd Cross Street (Ward -2) is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rail Nagar, 3rd Cross Street (Ward -2)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 1,100 per sq.ft would incur a stamp duty of Rs 77,000.