Guideline Value for FLORA

Flora guideline value

The current guideline value for Flora, located in Ponmar village under the Gooduvancheri SRO, is Rs 2,500 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Flora has changed

In the 2017 revision, the guideline value for Flora was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, indicating a 0% change between these two revisions. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has been consistent at Rs 2,500 per sq.ft from the 2017 revision through the 2023 revision. No other revisions have provided a figure for this street, maintaining the status quo in terms of valuation.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Flora is one of the streets under the Gooduvancheri SRO, and there are no other streets in Ponmar listed with guideline values.

Stamp duty and registration fee for property in Flora

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Flora?

The Sub Registrar Office that covers Flora is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponmar. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Flora?

The current guideline value of Flora is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Flora has remained at Rs 2,500 per sq.ft from the 2017 revision to the 2023 revision, indicating no change. There are no figures available for the years 2024, 2012, 2007, 2003, and 2002.

What is the land classification for Flora?

The land classification for Flora is Residential Class IV Type - II, which categorizes it within a specific residential zone.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated for properties in Flora?

Stamp duty for properties in Flora is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at 7%.