Guideline Value

Corporate

Guideline Value for Mohan Avenue

₹1700/sq.ft.

The guideline value for Mohan Avenue in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mohan Avenue

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Mohan Avenue guideline value

The current guideline value of Mohan Avenue, located in Madambakkam village, is Rs 1,700 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Mohan Avenue has changed

The guideline value for Mohan Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 1,600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,700 per sq.ft, marking a 6% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been a modest increase of 6% in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Mohan Avenue's 2024 figure below this median.

Stamp duty and registration fee for property in Mohan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mohan Avenue?

The Sub Registrar Office that covers Mohan Avenue 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 details.

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

The guideline value plays a crucial role during property transactions in Madambakkam. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers should be aware that the guideline value is a reference point for these costs, and it ensures transparency in property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This mechanism helps in maintaining uniformity and preventing undervaluation in property transactions.

Frequently asked questions

What is the current guideline value of Mohan Avenue?

The current guideline value of Mohan Avenue is Rs 1,700 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, marking a 6% increase. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, indicating significant fluctuations over the years.

What are the other streets in Madambakkam and their guideline values?

Other streets in Madambakkam include Mohan Nagar, Mohan Nagar 1st Cross Street, Mohan Nagar 1st Main Road, Mohan Nagar 1st Street, Mohan Nagar 2nd Cross street, and Mohan Nagar 2nd Street, with values ranging from Rs 1,700 to Rs 2,400 per sq.ft as per the 2024 revision.

What are the stamp duty and registration fees for properties in Mohan Avenue?

The stamp duty for properties in Mohan Avenue is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000, based on the current guideline value.

Which Sub Registrar Office should I contact for Mohan Avenue?

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