Guideline Value for POONAMALLEE FARMS PHASE - II EXTENSION

Poonamallee Farms Phase - II Extension guideline value

The current guideline value of Poonamallee Farms Phase - II Extension is Rs 1,320 per sq.ft. This property is located in Cheranancheri village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Poonamallee Farms Phase - II Extension has changed

The guideline value for Poonamallee Farms Phase - II Extension has undergone several revisions over the years. The 2017 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 1,200 per sq.ft, but it saw an increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 274 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Poonamallee Farms Phase - II Extension's current value below this median.

• Poonamallee Farms Phase - II: Rs 1,320 per sq.ft (2024)
• Poonamallee Farms: Rs 1,320 per sq.ft (2024)
• Silver Fields By Urban Tree: Rs 1,375 per sq.ft (2024)
• Sri Ambal Vijayalakshmi Nagar Phase-I: Rs 330 per sq.ft (2024)
• Mangalya City: Rs 2,400 per sq.ft (2024)
• Sri Mookambikai Nagar Apple City: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Poonamallee Farms Phase - II Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. 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 more details.

Which Sub Registrar Office covers Poonamallee Farms Phase - II Extension?

The Poonamallee Farms Phase - II Extension is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Cheranancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Poonamallee Farms Phase - II Extension?

The current guideline value of Poonamallee Farms Phase - II Extension is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024. There was no change from 2017 to 2023, and the value increased by 10% from 2023 to 2024.

What are the guideline values of other streets in Cheranancheri?

Other streets in Cheranancheri have varying guideline values ranging from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. The charges are based on the higher of the guideline value or the sale price.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.