Guideline Value for MOHANA GARDEN

Mohana Garden guideline value

The current guideline value of Mohana Garden is Rs 2,200 per sq.ft. This area is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Mohana Garden has changed

The guideline value for Mohana Garden 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 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between these revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. The increase from 2023 to 2024 is 10%, leading to an overall increase of 10% from 2012 to 2024.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Mohana Garden.

• Muneeswaran Cross Kulakarai Street: Rs 2,800 per sq.ft (2024)
• Muneeswaran Koil Street: Rs 2,800 per sq.ft (2024)
• Me.Aa.Vaithiyaligam Salai: Rs 1,700 per sq.ft (2024)
• Masilamani Thottam: Rs 1,700 per sq.ft (2024)
• Nanjunda Rao Road & Avenue: Rs 4,500 per sq.ft (2024)
• Narayana Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Mohana Garden

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, and the registration fee at 2% would be Rs 44,000, bringing the total fees 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 details.

Which Sub Registrar Office covers Mohana Garden?

The Mohana 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. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This practice helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Mohana Garden?

The current guideline value of Mohana Garden 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 Mohana Garden?

The land classification for Mohana Garden is Residential Class III Type - I.

What are the stamp duty and registration fees for a property in Mohana Garden?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Mohana Garden located?

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