Guideline Value for FLORA CITY PHASE-II

Flora City Phase-II guideline value

The current guideline value of Flora City Phase-II is Rs 3,000 per sq.ft. This property is located in Thazhampoor village and falls under the Thiruporur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Flora City Phase-II has changed

The guideline value for Flora City Phase-II has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,010 per sq.ft. However, the most recent 2023 revision saw a significant increase, bringing the guideline value back up to Rs 3,000 per sq.ft.

From 2017 to 2023, there was an increase of 49% in the guideline value. In contrast, the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2023, the guideline value has remained the same, with no net change.

Guideline values in Thazhampoor

Currently, there are no specific village figures available for Thazhampoor. Flora City Phase-II is part of the Thazhampoor area under the Thiruporur SRO. There are no other streets in Thazhampoor listed with guideline values.

Stamp duty and registration fee for property in Flora City Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty, calculated at 7%, would be Rs 2,10,000, while the registration fee at 2% would be Rs 60,000. Together, the total cost for stamp duty and registration fee would be Rs 2,70,000. 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 Flora City Phase-II?

The Flora City Phase-II area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thazhampoor. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be familiar with the guideline value as it affects the overall costs associated with property transactions. Understanding this value can help in budgeting for the additional expenses that come with purchasing or selling property in the area.

Frequently asked questions

What is the current guideline value of Flora City Phase-II?

The current guideline value of Flora City Phase-II is Rs 3,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, followed by an increase back to Rs 3,000 per sq.ft in 2023.

What is the land classification for Flora City Phase-II?

Flora City Phase-II is classified as Commercial Class I Type - I, which indicates its intended use for commercial purposes.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Flora City Phase-II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 30,00,000, the stamp duty would amount to Rs 2,10,000.