Guideline Value for P DOT G FLORA

P Dot G Flora guideline value

The current guideline value of P Dot G Flora in Nemilancheri village is Rs 1,300 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Special Type - IV.

How the guideline value of P Dot G Flora has changed

Over the years, the guideline value of P Dot G Flora has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,300 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been an increase of 8%.

Guideline values in Nemilancheri

Nemilancheri village has 15 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,870 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for P Dot G Flora is above this median.

• Padmavathi Nagar: Rs 770 per sq.ft (2024)
• Mullai Nagar: Rs 660 per sq.ft (2024)
• M.T.H Road: Rs 1,870 per sq.ft (2024)
• Mahadevan Nagar: Rs 770 per sq.ft (2024)
• Sri Devi Nagar: Rs 660 per sq.ft (2024)
• Sri Devi Nagar Annexe: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in P Dot G Flora

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers P Dot G Flora?

The Sub Registrar Office that covers P Dot G Flora is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemilancheri. It serves as a basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of P Dot G Flora?

The current guideline value of P Dot G Flora is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back up to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of P Dot G Flora?

P Dot G Flora is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for P Dot G Flora located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Nemilancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty would be calculated at 7% of that amount.