Guideline Value for MOUNTAIN VIEW

Mountain View guideline value

The current guideline value of Mountain View, located in Athur A Block village, is Rs 500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Mountain View has changed

Over the years, the guideline value for Mountain View has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a decrease to Rs 335 per sq.ft, but this was followed by a significant increase of 49% to Rs 500 per sq.ft in the 2023 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in guideline value is 0%, indicating that the value has remained stable over this period despite fluctuations in individual revisions. The 2024 revision reflects no change from the previous year, maintaining the value at Rs 500 per sq.ft.

Guideline values in Athur A Block

Athur A Block consists of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for the area is Rs 600 per sq.ft, placing Mountain View's 2024 figure below this median.

• Mubarak Naagr: Rs 600 per sq.ft (2024)
• Majestic Avenue Phase-II: Rs 300 per sq.ft (2024)
• Majestic Avenue Phase -I: Rs 300 per sq.ft (2024)
• Krishna Garden: Rs 600 per sq.ft (2024)
• Pristine Avenue: Rs 600 per sq.ft (2024)
• Kannappa Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mountain View

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mountain View?

The Sub Registrar Office that covers Mountain View is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Athur A Block

The guideline value plays a crucial role in the registration process of property transactions in Athur A Block. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum price at which a property can be registered. This helps maintain transparency in property transactions and prevents undervaluation of real estate assets.

Frequently asked questions

What is the current guideline value of Mountain View?

The current guideline value of Mountain View is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision, with fluctuations in previous years, including a decrease to Rs 335 per sq.ft in 2017 and an increase back to Rs 500 per sq.ft in 2023.

What is the land classification of Mountain View?

Mountain View is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Mountain View?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mountain View located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Mountain View.