Guideline Value

Corporate

Guideline Value for FORTUNE SPRINGS Layout

₹2475/sq.ft.

The guideline value for Fortune Springs Layout in Thirumazhisai village (Poonamallee SRO, Chennai zone) is Rs 2475 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumazhisai

Village

Poonamallee

SRO

Residential Class I Type - V
History
Period Guideline Value
From 1-7-2024 ₹2475 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Fortune Springs Layout

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FORTUNE SPRINGS Layout guideline value

The current guideline value of FORTUNE SPRINGS Layout in Thirumazhisai village, under the Poonamallee SRO, is Rs 2,475 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - V land classification.

How the guideline value of FORTUNE SPRINGS Layout has changed

The guideline value for FORTUNE SPRINGS Layout has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, up from Rs 2,250 per sq.ft in 2023, marking a 10% increase. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the last recorded guideline value was Rs 2,250 per sq.ft. The revisions for earlier years do not provide any figures for this street, indicating a lack of data for those periods.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing the FORTUNE SPRINGS Layout's 2024 figure above this median.

Stamp duty and registration fee for property in FORTUNE SPRINGS Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total to Rs 2,22,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers FORTUNE SPRINGS Layout?

The FORTUNE SPRINGS Layout is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of FORTUNE SPRINGS Layout?

The current guideline value of FORTUNE SPRINGS Layout is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Thirumazhisai?

The median guideline value in Thirumazhisai is Rs 1,320 per sq.ft. FORTUNE SPRINGS Layout's guideline value is above this median, indicating its higher valuation compared to other streets.

What are the stamp duty and registration fees for properties in FORTUNE SPRINGS Layout?

For a 1,000 sq.ft property, the total guideline value is Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, totaling Rs 2,22,750.

Where can I find the Sub Registrar Office for FORTUNE SPRINGS Layout?

The Sub Registrar Office covering FORTUNE SPRINGS Layout is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information by visiting the relevant link.