Guideline Value for Rail Garden

Rail Garden guideline value

The current guideline value of Rail Garden, located in Palur-A village, is Rs 600 per sq.ft, effective from the 2024 revision. This area falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - I land.

How the guideline value of Rail Garden has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This figure remained unchanged at Rs 600 per sq.ft in the 2023 revision and continues to be Rs 600 per sq.ft in the 2024 revision, reflecting a 49% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there has been no change in the guideline value, maintaining the rate at Rs 600 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Rail Garden's 2024 figure is above this median.

• Rail Nagar: Rs 600 per sq.ft (2024)
• Raju Royal Garden: Rs 400 per sq.ft (2024)
• Raju Royal Garden Extn: Rs 600 per sq.ft (2024)
• Saba Garden: Rs 400 per sq.ft (2024)
• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Samuthuva Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Rail Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rail Garden?

The Sub Registrar Office that covers Rail Garden 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 Palur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Palur-A. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rail Garden?

The current guideline value of Rail Garden is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification of Rail Garden?

Rail Garden is classified as Mixed Special Type - I land under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Rail Garden?

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 Garden?

Stamp duty for properties in Rail Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 6,00,000, the stamp duty at 7% would be Rs 42,000.