Guideline Value for MOHI'S NAPLE'S

Mohi's Naple's guideline value

The current guideline value of Mohi's Naple's is Rs 3,000 per sq.ft, effective from 1 July 2024. This property is located in Vengaivasal village under the Selaiyur SRO, classified as Commercial Special Type - I.

How the guideline value of Mohi's Naple's has changed

The guideline value for Mohi's Naple's has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,900 per sq.ft. This was followed by a significant increase in 2023 to Rs 2,837 per sq.ft, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 3,000 per sq.ft, representing a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 58%.

Guideline values in Vengaivasal

In Vengaivasal village, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,700 per sq.ft, indicating that Mohi's Naple's 2024 figure is above this median.

• Mohi Florence Phase-III: Rs 2,900 per sq.ft (2024)
• Mohi Florence Phase-5: Rs 2,900 per sq.ft (2024)
• Muthumani Nagar: Rs 3,300 per sq.ft (2024)
• Megala Nagar: Rs 1,900 per sq.ft (2024)
• Nehru Street: Rs 1,650 per sq.ft (2024)
• Mambakkam Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mohi's Naple's

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total fees to Rs 2,70,000. It is essential 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 more details.

Which Sub Registrar Office covers Mohi's Naple's?

The Sub Registrar Office covering Mohi's Naple's is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vengaivasal. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can significantly affect the overall cost of property transactions. Accurate calculation of these fees ensures compliance with local regulations and helps in smooth property transfers.

Frequently asked questions

What is the current guideline value of Mohi's Naple's?

The current guideline value of Mohi's Naple's is Rs 3,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,900 per sq.ft to Rs 3,000 per sq.ft in 2024, marking an overall increase of 58%.

What is the land classification for Mohi's Naple's?

Mohi's Naple's is classified as Commercial Special Type - I under the current guideline value register.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 30,00,000 would incur a stamp duty of Rs 2,10,000 and a registration fee of Rs 60,000.