Guideline Value for FLORA O2

Flora O2 guideline value

The current guideline value of Flora O2 is Rs 3,284 per sq.ft. This property is located in Ponmar village, under the Gooduvancheri SRO, and is classified as Mixed Type - III land.

How the guideline value of Flora O2 has changed

The guideline value for Flora O2 has undergone several revisions over the years. As per the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 3,284 per sq.ft. There have been no changes between the revisions.

Since there are no figures for the previous revisions, it is clear that the guideline value for Flora O2 has remained stable with no recorded changes in the available data. The current figure reflects the latest assessment from the 2023 revision.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Flora O2 is situated within this area, and it is important to note that there are no other streets in Ponmar under the Gooduvancheri SRO that have been provided.

Stamp duty and registration fee for property in Flora O2

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 32,84,000. The stamp duty at 7% would be Rs 2,29,880, and the registration fee at 2% would be Rs 65,680, bringing the total to Rs 2,95,560. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Flora O2?

The Flora O2 property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the higher of the guideline value or the sale price is used to determine the applicable duties. This ensures that the registration process is transparent and consistent, protecting the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Flora O2?

The current guideline value of Flora O2 is Rs 3,284 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Flora O2 has remained stable, with no changes recorded between revisions. The most recent figure is from the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the stamp duty for property in Flora O2?

The stamp duty for property in Flora O2 is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 2,29,880.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is taken into account for determining these costs, ensuring a standardized approach in the registration process.