Guideline Value for Mohan Villa I & II

Mohan Villa I & II guideline value

The current guideline value for Mohan Villa I & II in Vengadamangalam village is Rs 800 per sq.ft, as per the 2023 revision. This property falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Mohan Villa I & II has changed

Over the years, the guideline value of Mohan Villa I & II has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, where it was again set at Rs 800 per sq.ft. However, the 2017 revision saw a decrease to Rs 536 per sq.ft, marking a 33% drop from the 2012 figure. The most recent change from 2017 to 2023 reflects a significant increase of 49%.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value per sq.ft, remaining at Rs 800. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific guideline values provided for other streets in Vengadamangalam. The guideline value for Mohan Villa I & II stands at Rs 800 per sq.ft, as established in the 2023 revision.

Stamp duty and registration fee for property in Mohan Villa I & II

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, which totals Rs 56,000, and the registration fee at 2% amounts to Rs 16,000. Together, the total cost for stamp duty and registration fee would be Rs 72,000. It is important to note that 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 Villa I & II?

The Mohan Villa I & II properties are covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengadamangalam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property.

When a property is sold, the guideline value is assessed to ensure that the appropriate fees are collected based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Mohan Villa I & II?

The current guideline value of Mohan Villa I & II is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 800 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Mohan Villa I & II is 7% of the guideline value or sale price, whichever is higher.

What are the registration fees for properties in Mohan Villa I & II?

The registration fee for properties in Mohan Villa I & II is 2% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.