Guideline Value for FWT ESTATES EMPIRE CITY

Fwt Estates Empire City guideline value

The current guideline value of Fwt Estates Empire City is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kunnathur village under the Madurandakam SRO, classified as Mixed Type - I.

How the guideline value of Fwt Estates Empire City has changed

The guideline value has undergone several revisions over the years. In 2012, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, indicating stability in this period.

Guideline values in Kunnathur

In Kunnathur, there are seven streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median of Rs 101 per sq.ft. The guideline value for Fwt Estates Empire City is above this median.

• Sai Mugundha Garden: Rs 100 per sq.ft (2024)
• Shridi Sai Nagar: Rs 151 per sq.ft (2024)
• Thiraviyam City: Rs 100 per sq.ft (2024)
• T.Nagar: Rs 100 per sq.ft (2024)
• V.V.S.Nagar: Rs 101 per sq.ft (2024)
• T Nagar Phase-I: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Fwt Estates Empire City

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is essential to note that the 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 details.

Which Sub Registrar Office covers Fwt Estates Empire City?

The Sub Registrar Office covering Fwt Estates Empire City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property registration in Kunnathur. It serves as a reference point for determining 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, preventing undervaluation and ensuring compliance with local regulations. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Fwt Estates Empire City?

The current guideline value of Fwt Estates Empire City is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What other streets in Kunnathur have guideline values?

Other streets in Kunnathur under the Madurandakam SRO include Sai Mugundha Garden, Shridi Sai Nagar, Thiraviyam City, T.Nagar, V.V.S.Nagar, and T Nagar Phase-I, with values ranging from Rs 100 to Rs 300 per sq.ft.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total fee of Rs 18,000.

Where can I find the Sub Registrar Office for Fwt Estates Empire City?

The Madurandakam Sub Registrar Office covers Fwt Estates Empire City, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.