Guideline Value for Mohanapuram

Mohanapuram guideline value

The current guideline value of Mohanapuram is Rs 800 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Mohanapuram has changed

The guideline value for Mohanapuram has seen several revisions over the years. In the 2007 revision, the value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a decline of 33% from the previous figure. The most recent revision in 2023 saw the guideline value return to Rs 800 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. The guideline value for Mohanapuram is Rs 800 per sq.ft, and there are no other streets in Vengadamangalam under the Gooduvancheri SRO provided.

Stamp duty and registration fee for property in Mohanapuram

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mohanapuram?

The Sub Registrar Office that covers Mohanapuram 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 Vengadamangalam

The guideline value is a crucial factor during the registration of property in Vengadamangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees based on this value.

When buying or selling property, the guideline value acts as a benchmark. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price, which ensures transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Mohanapuram?

The current guideline value of Mohanapuram is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the land classification of Mohanapuram?

Mohanapuram is classified as Residential Special Type - II according to the guideline value register.

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 are stamp duty and registration fees calculated in Mohanapuram?

Stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 800 per sq.ft, the total would be Rs 72,000 for both fees combined.