Guideline Value for Mohan Doss Lane

Mohan Doss Lane guideline value

The current guideline value of Mohan Doss Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mohan Doss Lane has changed

The guideline value for Mohan Doss Lane has seen significant changes over the years. In 2002, the guideline value was Rs 674 per sq.ft. This increased to Rs 740 per sq.ft in 2003, marking a 10% rise. Following this, the value rose to Rs 1,145 per sq.ft in 2007, which was a 55% increase. The 2012 revision saw a substantial jump to Rs 6,000 per sq.ft, reflecting a 424% increase. However, in 2017, the value decreased to Rs 4,020 per sq.ft, a reduction of 33%. The guideline value then increased to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,600 per sq.ft in 2024, showing a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 879%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Mohan Doss Lane.

• Mohan Doss Salai: Rs 6,600 per sq.ft (2024)
• Mohammed Hussain Street: Rs 6,600 per sq.ft (2024)
• Mohammed Hussain 1st Lane: Rs 6,600 per sq.ft (2024)
• Miyan Saheb Street: Rs 6,600 per sq.ft (2024)
• Miyan Saheb 2nd Street: Rs 6,600 per sq.ft (2024)
• Miyan Saheb 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Mohan Doss Lane

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value is Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. 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 Mohan Doss Lane?

The Sub Registrar Office that covers Mohan Doss Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Triplicane. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value. This aids in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Mohan Doss Lane?

The current guideline value of Mohan Doss Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 674 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 879% over this period.

What are the other streets with the same guideline value in Triplicane?

Other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft include Mohan Doss Salai, Mohammed Hussain Street, Mohammed Hussain 1st Lane, Miyan Saheb Street, Miyan Saheb 2nd Street, and Miyan Saheb 1st Street.

What are the registration fees for property in Mohan Doss Lane?

The registration fees for property in Mohan Doss Lane include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mohan Doss Lane located?

The Sub Registrar Office for Mohan Doss Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.