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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this region is Residential Class II Type - II.

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

The guideline value for Poultry Farm Quarters has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and currently, the value stands at Rs 440 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the area is Rs 1,100 per sq.ft, placing the Poultry Farm Quarters (Ward -19) guideline value below this median.

• Post Office Street (Ward -15): Rs 440 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Pride: Rs 550 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 rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use 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 Sattamangalam

The guideline value plays a crucial role in the registration process of property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of 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 to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft in 2024.

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

The land classification for Poultry Farm Quarters (Ward -19) is Residential Class II Type - II.

Which Sub Registrar Office covers this area?

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

How is the stamp duty calculated for properties in Poultry Farm Quarters (Ward -19)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.