Guideline Value for MOUNTAIN VIEW

Mountain View guideline value

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

How the guideline value of Mountain View has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This value remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a decrease to Rs 335 per sq.ft, which was a drop of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft. The 2024 revision maintained this figure, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 500 per sq.ft.

Guideline values in Athur B Block

Athur B Block comprises 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing the 2024 figure for Mountain View below this median.

• Mullai Nagar: Rs 800 per sq.ft (2024)
• M.N. Nagar: Rs 500 per sq.ft (2024)
• Nisha Nagar: Rs 700 per sq.ft (2024)
• Mahalakshmi nagar: Rs 1,100 per sq.ft (2024)
• Palar Nagar: Rs 800 per sq.ft (2024)
• Kuberan Nagar: Rs 500 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, resulting in a total cost of Rs 45,000. Please 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 Mountain View?

The Sub Registrar Office covering 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 B Block

The guideline value is a critical factor during the registration of property transactions in Athur B Block. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, aligning with the established rates for the area. This process helps maintain transparency and consistency in property dealings.

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?

Since 2012, the guideline value has fluctuated, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024. Overall, the value has remained the same since 2012.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, with Mountain View's current value being below this median.

What are the stamp duty rates in Mountain View?

The stamp duty rate in Mountain View is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

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 is responsible for property registrations in the area.