Guideline Value for Mohan Street

Mohan Street guideline value

The current guideline value of Mohan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Mohan Street has changed

The guideline value for Mohan Street has seen several revisions over the years. The 2007 revision set the value at Rs 850 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, before rising again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 has brought the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 159%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO carrying a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Mohan Street.

• Moovar Street: Rs 2,200 per sq.ft (2024)
• M.G.R Street: Rs 1,400 per sq.ft (2024)
• M.G.R Nagar Nethaji Street: Rs 1,400 per sq.ft (2024)
• Mullai Street: Rs 1,400 per sq.ft (2024)
• M.G.R Nagar: Rs 2,900 per sq.ft (2024)
• Munirathinam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mohan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Street?

Mohan Street falls under the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair price.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Mohan Street?

The current guideline value of Mohan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, which is the same as the current value for Mohan Street.

What are the stamp duty rates for property in Mohan Street?

The stamp duty for property in Mohan Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.