Guideline Value for MOHAMMADHIAR SCHOOL ROAD WARD- 4

Mohammadhiar School Road Ward- 4 guideline value

The current guideline value of Mohammadhiar School Road Ward- 4 is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Mohammadhiar School Road Ward- 4 has changed

The guideline value for Mohammadhiar School Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the value saw a significant increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which matches the current guideline value of Mohammadhiar School Road Ward- 4.

• Murugesanar Street: Rs 2,200 per sq.ft (2024)
• Masuthi Malai Street: Rs 1,100 per sq.ft (2024)
• Natham Colony: Rs 1,100 per sq.ft (2024)
• Natham Mettu Street: Rs 1,320 per sq.ft (2024)
• Natham Nadu Street: Rs 1,320 per sq.ft (2024)
• Navalar Nedunjezijyan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mohammadhiar School Road Ward- 4

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mohammadhiar School Road Ward- 4?

The Sub Registrar Office that covers Mohammadhiar School Road Ward- 4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Chengalpattu Natham, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

Additionally, the guideline value helps maintain transparency in property transactions, as it provides a reference point for both buyers and sellers. This ensures that all parties are aware of the minimum value applicable for registration, thereby reducing disputes over property valuations.

Frequently asked questions

What is the current guideline value of Mohammadhiar School Road Ward- 4?

The current guideline value of Mohammadhiar School Road Ward- 4 is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Mohammadhiar School Road Ward- 4?

The land classification for Mohammadhiar School Road Ward- 4 is Residential Special Type - III.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mohammadhiar School Road Ward- 4?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.