Guideline Value for GNV MOHANRAJ THOTTAM

Gnv Mohanraj Thottam guideline value

The current guideline value of Gnv Mohanraj Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Gnv Mohanraj Thottam has changed

The guideline value for Gnv Mohanraj Thottam has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is an increase from Rs 1,500 per sq.ft in the 2023 revision. This change represents a rise of 13% from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, the last recorded guideline value was Rs 1,500 per sq.ft. The absence of figures for earlier years indicates that the guideline value for Gnv Mohanraj Thottam was not updated during those revisions. The current value is significantly lower than the median guideline value of Rs 2,200 per sq.ft for streets in Sholinganallur - 1.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. Gnv Mohanraj Thottam's 2024 figure of Rs 1,700 per sq.ft is below the median value of Rs 2,200 per sq.ft. The following are the guideline values for other streets in Sholinganallur - 1:

• God S Own Villa: Rs 2,200 per sq.ft (2024)
• Golden Beach South (Vgp Part): Rs 5,500 per sq.ft (2024)
• Gloria Avenue 3rd Street: Rs 5,500 per sq.ft (2024)
• Gloria Avenue 2nd Street: Rs 5,500 per sq.ft (2024)
• Gloria Avenue 1st Street: Rs 5,500 per sq.ft (2024)
• Golden Shore Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Gnv Mohanraj Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, resulting in a total of Rs 1,53,000. It is important 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 further calculations.

Which Sub Registrar Office covers Gnv Mohanraj Thottam?

The Gnv Mohanraj Thottam street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government standards.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gnv Mohanraj Thottam?

The current guideline value of Gnv Mohanraj Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, representing a 13% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is higher than the current value of Gnv Mohanraj Thottam.

What are the stamp duty rates applicable in Gnv Mohanraj Thottam?

The stamp duty rate applicable in Gnv Mohanraj Thottam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.