Guideline Value

Corporate

Guideline Value for Mohan Nagar

₹2400/sq.ft.

The guideline value for Mohan Nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /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 Nagar

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Mohan Nagar guideline value

The current guideline value of Mohan Nagar, located in Madambakkam village under the Selaiyur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Mohan Nagar has changed

The guideline value for Mohan Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from the 2023 revision of Rs 2,200 per sq.ft, marking a change of +9%. Prior to that, the 2012 revision also recorded Rs 2,200 per sq.ft, showing no change from 2012 to 2023. The overall change from 2012 to 2024 is +9%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions with recorded figures are from 2012, 2023, and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value 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, which is equal to the current guideline value of Mohan Nagar.

Stamp duty and registration fee for property in Mohan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Mohan Nagar?

The Sub Registrar Office covering Mohan Nagar 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are essential costs in any property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This process helps maintain transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Mohan Nagar?

The current guideline value of Mohan Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, marking a +9% change. There was no change from 2012 to 2023, with both years recording Rs 2,200 per sq.ft.

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

Other streets in Madambakkam include Mohan Nagar 1st Cross Street and Mohan Nagar 1st Street, both at Rs 2,400 per sq.ft, while Mohan Nagar 1st Main Road and Mohan Avenue are at Rs 1,700 per sq.ft.

How is the stamp duty calculated for properties in Mohan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.

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

The Sub Registrar Office for Mohan Nagar is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details through the provided link.