Guideline Value for FORTUNE CITY PHASE-III

Fortune City Phase-III guideline value

The current guideline value of Fortune City Phase-III is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Kavanur village, under the Gooduvancheri SRO, with a land classification of Residential Special Type - III.

How the guideline value of Fortune City Phase-III has changed

The guideline value for Fortune City Phase-III has remained consistent at Rs 800 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has seen no change from 2023 to 2024, with a percentage change of +0%. The current value aligns with the median guideline value of Rs 800 per sq.ft for the village of Kavanur.

Guideline values in Kavanur

Kavanur has a total of 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. Fortune City Phase-III's 2024 guideline value is equal to the median of Rs 800 per sq.ft. Below are the guideline values for other streets in Kavanur:

• Fortune City Phase - II: Rs 800 per sq.ft (2024)
• Fortune City: Rs 800 per sq.ft (2024)
• Gangai Amman Nagar: Rs 700 per sq.ft (2024)
• Dwaraka Maye Avenue Part - I: Rs 600 per sq.ft (2024)
• Dwaraka Maiye Avenue Part - II: Rs 600 per sq.ft (2024)
• G K S Diamond Green: Rs 2,239 per sq.ft (2024)

Stamp duty and registration fee for property in Fortune City Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, which totals Rs 56,000, and the registration fee at 2% amounts to Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Fortune City Phase-III?

The Sub Registrar Office that covers Fortune City Phase-III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kavanur, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used as a benchmark for calculating the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. The guideline value ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value for Fortune City Phase-III?

The current guideline value for Fortune City Phase-III is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Fortune City Phase-III has remained at Rs 800 per sq.ft since the 2023 revision. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for Kavanur?

The median guideline value for Kavanur is Rs 800 per sq.ft, which is the same as the current guideline value for Fortune City Phase-III.

What are the stamp duty rates for properties in Fortune City Phase-III?

The stamp duty for properties in Fortune City Phase-III is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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