Guideline Value for Mohanapriya Nagar Extn

Mohanapriya Nagar Extn guideline value

The current guideline value of Mohanapriya Nagar Extn is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Mohanapriya Nagar Extn has changed

The guideline value for Mohanapriya Nagar Extn has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which remained unchanged at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2023 to 2024, there was no change, maintaining the guideline value at Rs 1,500 per sq.ft. Overall, from 2017 to 2024, the increase is also recorded at 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value stands at Rs 1,500 per sq.ft, placing Mohanapriya Nagar Extn's 2024 figure at this median level.

• Moganapriya Nagar: Rs 1,500 per sq.ft (2024)
• M.K. Nagar: Rs 1,500 per sq.ft (2024)
• Mosque Street: Rs 1,200 per sq.ft (2024)
• M.G.R. Nagar: Rs 1,200 per sq.ft (2024)
• Muthamizhil street: Rs 1,100 per sq.ft (2024)
• Meenakshi Nagar (S.No. 174/1 -6): Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Mohanapriya Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Mohanapriya Nagar Extn?

The Sub Registrar Office that covers Mohanapriya Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mohanapriya Nagar Extn?

The current guideline value of Mohanapriya Nagar Extn is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification of Mohanapriya Nagar Extn?

The land classification for Mohanapriya Nagar Extn is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Mohanapriya Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,35,000 in stamp duty and registration fees.