Guideline Value for SHEEP FARM ROAD (WARD-21)

Sheep Farm Road (Ward-21) guideline value

The current guideline value of Sheep Farm Road (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This road is located in Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Sheep Farm Road (Ward-21) has changed

The guideline value for Sheep Farm Road has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in 2023 and further rose to Rs 660 per sq.ft in the 2024 revision, marking a change of +10% from the previous year.

From 2017 to 2023, the guideline value increased by +49%. Overall, from the 2012 revision to the 2024 revision, there has been a +10% change. There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, making the current value of Sheep Farm Road (Ward-21) below that median.

• Shanmugapriya Nagar (Ward-21): Rs 1,651 per sq.ft (2024)
• School Street (Ward -1): Rs 770 per sq.ft (2024)
• Samundeeswari Naga Potheri (Ward-20): Rs 1,980 per sq.ft (2024)
• Sri Kamatchi Amman Nagar (Tai): Rs 1,100 per sq.ft (2024)
• Sri Kamatchi Nagar Extension (Tai): Rs 1,100 per sq.ft (2024)
• Ruthra Avenue (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sheep Farm Road (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 detailed calculations.

Which Sub Registrar Office covers Sheep Farm Road (Ward-21)?

The Sub Registrar Office that covers Sheep Farm Road (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Potheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are conducted at a fair value as determined by the state authorities.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sheep Farm Road (Ward-21)?

The current guideline value of Sheep Farm Road (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Potheri?

The median guideline value in Potheri is Rs 770 per sq.ft, with Sheep Farm Road (Ward-21) currently below this median at Rs 660 per sq.ft.

What are the stamp duty and registration fees for property in Sheep Farm Road (Ward-21)?

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000, with stamp duty at Rs 46,200 and registration fee at Rs 13,200, totaling Rs 59,400.

Where can I find the Sub Registrar Office for Sheep Farm Road (Ward-21)?

The Sub Registrar Office for Sheep Farm Road (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.