Guideline Value for Mohan Street (Samundeeswari Nagar)

Mohan Street (Samundeeswari Nagar) guideline value

The current guideline value of Mohan Street (Samundeeswari Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Mohan Street (Samundeeswari Nagar) has changed

The guideline value for Mohan Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 214 per sq.ft. This increased to Rs 360 per sq.ft in 2007, marking a change of +68%. The next revision in 2017 saw a significant rise to Rs 1,206 per sq.ft, which is an increase of +235%. In 2023, the value further increased to Rs 1,800 per sq.ft, reflecting a +49% change. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a +10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, which means the 2024 figure for Mohan Street is below this median.

• Mohan Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Moovendhar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Moses Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Moses Street, Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Mosque Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Mosque Street, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Mohan Street (Samundeeswari Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Mohan Street (Samundeeswari Nagar)?

The Sub Registrar Office that covers Mohan Street (Samundeeswari Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Mohan Street (Samundeeswari Nagar)?

The current guideline value of Mohan Street (Samundeeswari Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 214 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +825% over the years.

What are the other streets in Pammal with similar guideline values?

Other streets in Pammal with a guideline value of Rs 1,980 per sq.ft include Moovendhar Street, Gandhi Nagar, Mosque Street in Dr.Ambedhar Nagar, and Mosque Street in Nagelkeni.

What is the registration fee for property in Mohan Street?

The registration fee for property in Mohan Street is calculated at 2% of the guideline value. For a property valued at Rs 19,80,000, the registration fee would be Rs 39,600.

Where is the Sub Registrar Office located for Mohan Street?

The Sub Registrar Office covering Mohan Street (Samundeeswari Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.