Guideline Value for Mohan Avenue

Mohan Avenue guideline value

The current guideline value of Mohan Avenue is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Mohan Avenue has changed

The guideline value for Mohan Avenue has remained stable at Rs 700 per sq.ft since the 2023 revision, with no change noted from the previous year. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of 49% to reach the current value in 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which matches the guideline value of Mohan Avenue.

• M G R Nagar: Rs 700 per sq.ft (2024)
• Metro Green Medows: Rs 1,350 per sq.ft (2024)
• Metro Global City House site Scheme: Rs 800 per sq.ft (2024)
• Mel Pushkarani Street: Rs 700 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,000 per sq.ft (2024)
• Matha Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mohan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mohan Avenue?

The Sub Registrar Office that covers Mohan Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is fairly collected during property transactions.

Frequently asked questions

What is the current guideline value of Mohan Avenue?

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

How has the guideline value changed over the years?

The guideline value for Mohan Avenue has seen a 49% increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2024, with no change from 2023 to 2024.

What is the land classification for Mohan Avenue?

Mohan Avenue is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Mohan Avenue?

The Sub Registrar Office covering Mohan Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000.