Guideline Value for MOHAN GARDEN

Mohan Garden guideline value

The current guideline value of Mohan Garden, located in Chemmancheri village under the Neelankarai SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class V Type - II land classification.

How the guideline value of Mohan Garden has changed

The guideline value for Mohan Garden has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then increased to Rs 502 per sq.ft in 2017. Following this, the 2023 revision maintained the value at Rs 1,000 per sq.ft, and the latest revision in 2024 also holds it at Rs 1,000 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 99%. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Mohan Garden's 2024 figure below this median.

• M/S Santhiya Garden: Rs 3,300 per sq.ft (2024)
• M/S Suel India Marketing Co: Rs 2,800 per sq.ft (2024)
• Michael Garden: Rs 3,300 per sq.ft (2024)
• M.G.R.Road: Rs 3,300 per sq.ft (2024)
• Mumthaj Garden: Rs 1,800 per sq.ft (2024)
• Munsif Sundaram Avenue: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mohan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mohan Garden?

The Mohan Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Chemmancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value provides a benchmark for both buyers and sellers. It helps in assessing the fair value of the property and ensures transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Mohan Garden?

The current guideline value of Mohan Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2023 and 2024, with a notable increase of 99% from 2017 to 2023.

What is the median guideline value in Chemmancheri?

The median guideline value for streets in Chemmancheri is Rs 1,700 per sq.ft, with Mohan Garden's value being below this median.

What are the stamp duty rates for property in Mohan Garden?

The stamp duty for property in Mohan Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mohan Garden?

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