Guideline Value for POULTRY FARM QUARTERS (WARD -19)

Poultry Farm Quarters (Ward -19) guideline value

The current guideline value of Poultry Farm Quarters (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Poultry Farm Quarters (Ward -19) has changed

The guideline value has undergone several revisions over the years. The oldest recorded figure is from 2012, which was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. In 2023, the value increased to Rs 400 per sq.ft, and the most recent revision in 2024 set the value at Rs 440 per sq.ft.

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

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing the Poultry Farm Quarters (Ward -19) value below that median.

• Post Office Street (Ward -15): Rs 660 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,321 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Poultry Farm Quarters (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Poultry Farm Quarters (Ward -19)?

The Poultry Farm Quarters (Ward -19) falls under the Chengleput Joint II Sub Registrar Office, 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 Ninna Karai

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for Poultry Farm Quarters (Ward -19)?

The current guideline value for Poultry Farm Quarters (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Poultry Farm Quarters (Ward -19)?

Poultry Farm Quarters (Ward -19) is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office, which covers Poultry Farm Quarters (Ward -19), is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.