Guideline Value for FLORA CITY

Flora City guideline value

The current guideline value of Flora City is Rs 3,000 per sq.ft, as per the 2023 revision. This area is located in Thazhampoor village, under the Thiruporur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Flora City has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 3,000 per sq.ft again, resulting in a significant increase of 49% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained the same.

It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thazhampoor

Currently, there are no specific guideline values provided for other streets in Thazhampoor. Flora City is the only street mentioned in the available data.

Stamp duty and registration fee for property in Flora City

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value would be Rs 30,00,000. The stamp duty at 7% would amount to Rs 2,10,000, and the registration fee at 2% would be Rs 60,000. Together, the total cost for these fees would be Rs 2,70,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Flora City?

The Sub Registrar Office that covers Flora City is 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 is a crucial factor in the registration process for property transactions in Thazhampoor. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the buyer must pay stamp duty on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Flora City?

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

How has the guideline value changed over the years?

The guideline value in Flora City was Rs 3,000 per sq.ft in 2012, decreased to Rs 2,010 per sq.ft in 2017, and then returned to Rs 3,000 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

Is there any guideline value for other streets in Thazhampoor?

Currently, there are no specific guideline values provided for other streets in Thazhampoor. Flora City is the only street mentioned in the available data.

What are the stamp duty and registration fees for property in Flora City?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,70,000. This includes a stamp duty of Rs 2,10,000 and a registration fee of Rs 60,000.

Which office handles property registrations for Flora City?

The Thiruporur Sub Registrar Office handles property registrations for Flora City. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.