Guideline Value for FORTUNE CITY

Fortune City guideline value

The current guideline value of Fortune City, located in Thaiyur-A village under the Thiruporur SRO, is Rs 2,389 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Special Type - II.

How the guideline value of Fortune City has changed

The guideline value for Fortune City has been recorded in various revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 2,389 per sq.ft, which remains unchanged from previous revisions.

Since there are no recorded figures for the earlier revisions, it is clear that the guideline value has remained consistent at Rs 2,389 per sq.ft since the 2023 revision. This indicates stability in the valuation of properties in this area during the specified period.

Guideline values in Thaiyur-A

Currently, there are no village figures available for Thaiyur-A. Fortune City is part of this village, and there are no other streets in Thaiyur-A listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Fortune City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value would be Rs 23,89,000. The stamp duty at 7% would amount to Rs 1,67,230, while the registration fee at 2% would be Rs 47,780. Together, the total cost would be Rs 2,15,010. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Fortune City?

The Sub Registrar Office that covers Fortune City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor when registering property transactions in Thaiyur-A. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Fortune City?

The current guideline value of Fortune City is Rs 2,389 per sq.ft, as per the 2023 revision.

When was the last revision of the guideline value for Fortune City?

The last revision of the guideline value for Fortune City was in 2023, which set the value at Rs 2,389 per sq.ft.

Are there any other streets in Thaiyur-A with guideline values listed?

No, there are currently no other streets in Thaiyur-A that have guideline values listed under the Thiruporur SRO.

What is the stamp duty rate for properties in Fortune City?

The stamp duty rate for properties in Fortune City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.