Guideline Value for CHENNAI ROYAL CITY "MOHAN GARDEN"

Chennai Royal City "mohan Garden" guideline value

The current guideline value for Chennai Royal City "mohan Garden" is Rs 2,475 per sq.ft. This property is located in Vellavedu village under the Poonamallee SRO, and it falls under the land classification of Residential Special Type - IV.

How the guideline value of Chennai Royal City "mohan Garden" has changed

The guideline value for Chennai Royal City "mohan Garden" has remained consistent at Rs 2,475 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also lists the guideline value at Rs 2,475 per sq.ft, indicating no change from the previous year.

For the years prior, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. Therefore, the only revisions available are from 2023 and 2024, both reflecting the same guideline value.

Guideline values in Vellavedu

In Vellavedu, there are 11 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,475 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Chennai Royal City "mohan Garden" above this median.

• Chennai Royal City: Rs 2,475 per sq.ft (2024)
• Kamadenu Enclave: Rs 825 per sq.ft (2024)
• New Metro Nagar: Rs 1,660 per sq.ft (2024)
• N.S.R Street: Rs 825 per sq.ft (2024)
• Shree Vaari Garden Phase-I: Rs 1,500 per sq.ft (2024)
• Sree Vaari Garden Phase - II: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Royal City "mohan Garden"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chennai Royal City "mohan Garden"?

The Chennai Royal City "mohan Garden" falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Vellavedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Chennai Royal City "mohan Garden"?

The current guideline value for Chennai Royal City "mohan Garden" 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 remained at Rs 2,475 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the registration fee for properties in Chennai Royal City "mohan Garden"?

The registration fee for properties in Chennai Royal City "mohan Garden" is calculated at 2% of the guideline value. For a plot of 1,000 sq.ft, this amounts to Rs 49,500.

Where can I find the Sub Registrar Office for Chennai Royal City "mohan Garden"?

The Sub Registrar Office covering Chennai Royal City "mohan Garden" is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Vellavedu?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the appropriate amount is collected during property transactions in Vellavedu.