Guideline Value for Mohan Doss Salai

Mohan Doss Salai guideline value

The current guideline value of Mohan Doss Salai is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mohan Doss Salai has changed

The guideline value for Mohan Doss Salai has seen several revisions over the years. In 2002, the value was Rs 674 per sq.ft, which increased to Rs 740 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 1,145 per sq.ft in 2007, representing a significant jump of 55%. By 2012, the value reached Rs 6,000 per sq.ft, showing a remarkable increase of 424% from the previous revision. However, in 2017, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 6,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, marking a 10% increase from the previous year. It is important to note that there are no figures available for the years not mentioned in this register.

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 guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current value of Mohan Doss Salai.

• Mohan Doss Lane: 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 Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mohan Doss Salai?

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

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

The guideline value is a crucial factor during the registration process of property transactions in Triplicane. It serves as a benchmark to determine the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a standardized valuation across the region.

Frequently asked questions

What is the current guideline value of Mohan Doss Salai?

The current guideline value of Mohan Doss Salai 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 the years.

What are the stamp duty and registration fees for property in Mohan Doss Salai?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty at 7% is Rs 4,62,000, and the registration fee at 2% is Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers Mohan Doss Salai?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum selling price of a property during registration. It also helps in calculating the stamp duty and registration fees, ensuring a standardized approach to property transactions in Triplicane.