Guideline Value for Mohana Nagar

Mohana Nagar guideline value

The current guideline value of Mohana Nagar is Rs 800 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Class I Type - I.

How the guideline value of Mohana Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the guideline value increased by 49%, bringing it back to Rs 800 per sq.ft.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 800 per sq.ft. It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. The Mohana Nagar guideline value sits at Rs 800 per sq.ft. There are no other streets in Rathinamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Mohana Nagar

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 at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 Mohana Nagar?

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

To find your SRO, you can visit find your SRO.

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

When buying or selling property in Rathinamangalam, the guideline value is used as a basis for calculating stamp duty and registration fees. The fees are assessed based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

This means that both buyers and sellers must be aware of the current guideline value to accurately determine the costs associated with registering property transactions in the area.

Frequently asked questions

What is the current guideline value of Mohana Nagar?

The current guideline value of Mohana Nagar 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, then increased back to Rs 800 per sq.ft in 2023. Overall, there has been no change in the guideline value from 2012 to 2023.

What is the stamp duty rate for property in Mohana Nagar?

The stamp duty rate for property transactions in Mohana Nagar is 7% 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, Chengalpattu registration zone.

Are there other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam listed under the Gooduvancheri SRO, and no specific village figures are available.