Guideline Value for FONTUS EXTENSION

Fontus Extension guideline value

The current guideline value for Fontus Extension is Rs 3,433 per sq.ft as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri SRO, classified as Mixed Type - II land.

How the guideline value of Fontus Extension has changed

The guideline value for Fontus Extension has seen significant changes over the years. In the 2017 revision, the value was set at Rs 2,300 per sq.ft. The latest revision in 2023 has increased this to Rs 3,433 per sq.ft, marking a rise of 49% from the previous figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the only registered values are from 2017 and 2023, showing a clear upward trend in the guideline value.

Guideline values in Ponmar

Fontus Extension is part of Ponmar, but no specific village figures are provided. The street currently has a guideline value of Rs 3,433 per sq.ft. There are no other streets in Ponmar under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Fontus Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,433 per sq.ft, the total guideline value amounts to Rs 34,33,000. The stamp duty at 7% would be Rs 2,40,310, and the registration fee at 2% would be Rs 68,660. Together, the total costs would amount to Rs 3,08,970. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Fontus Extension?

The Gooduvancheri Sub Registrar Office covers Fontus Extension. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the 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 is an essential factor when buying or selling property in Ponmar, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair rate, reflecting the current value of the property in that area. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Fontus Extension?

The current guideline value of Fontus Extension is Rs 3,433 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,300 per sq.ft to Rs 3,433 per sq.ft, which is a rise of 49%.

Are there any guideline value figures for 2024?

No, the register does not have a guideline value figure for Fontus Extension for the year 2024.

What is the registration office for Fontus Extension?

The registration office for Fontus Extension is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total cost of Rs 3,08,970 in fees.