Guideline Value for FONTUS

Fontus guideline value

The current guideline value of Fontus is Rs 1,600 per sq.ft, as per the 2023 revision. This area falls under Ponmar village and is governed by the Gooduvancheri SRO. The land classification for this region is Mixed Special Type - III.

How the guideline value of Fontus has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 1,600 per sq.ft, reflecting a rise of 19% from the previous figure.

Overall, comparing the 2012 and 2023 revisions, there has been a decrease of 20% in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Fontus is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Fontus

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Fontus?

The Sub Registrar Office that covers Fontus is 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 additional information.

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

The guideline value is an essential factor during the registration of property transactions in Ponmar. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory when transferring property ownership.

When a buyer or seller approaches the registration office, the guideline value helps determine the official value of the property. This ensures that the appropriate taxes are levied based on either the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Fontus?

The current guideline value of Fontus is Rs 1,600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has decreased from Rs 2,000 per sq.ft to Rs 1,600 per sq.ft in 2023, representing an overall decline of 20%. The value increased from Rs 1,340 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023.

What is the land classification for Fontus?

The land classification for Fontus is Mixed Special Type - III, which indicates the type of development and usage permitted in the area.

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 stamp duty calculated for property in Fontus?

Stamp duty for property in Fontus is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7% and a registration fee of Rs 32,000 at 2%.