Guideline Value for Mohanapuri 1st Cross Street

Mohanapuri 1st Cross Street guideline value

The current guideline value of Mohanapuri 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Mohanapuri 1st Cross Street has changed

The guideline value for Mohanapuri 1st Cross Street has seen significant changes over the years. Starting from Rs 304 per sq.ft in 2002, it increased to Rs 1,800 per sq.ft in 2007, marking a rise of 492%. Following this, the value jumped to Rs 4,000 per sq.ft in 2023, which is an increase of 122% from the previous revision. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no recorded figures for the years 2003, 2012, and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1347%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is the same as the current value for Mohanapuri 1st Cross Street.

• Mohanapuri: Rs 4,400 per sq.ft (2024)
• Mohanapuri 1st Main Road: Rs 4,400 per sq.ft (2024)
• Mohanapuri 1st Street: Rs 4,400 per sq.ft (2024)
• Mohanapuri 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Mohanapuri 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Mohanapuri 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mohanapuri 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. Note that the 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 Mohanapuri 1st Cross Street?

The Sub Registrar Office that covers Mohanapuri 1st Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an essential reference point during property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value serves as the baseline for calculating these fees, ensuring that the transaction is documented accurately in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Mohanapuri 1st Cross Street?

The current guideline value of Mohanapuri 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased from Rs 304 per sq.ft to Rs 4,400 per sq.ft in 2024, which is an overall increase of 1347%.

What were the guideline values in the previous revisions?

The guideline values for previous revisions are as follows: Rs 304 per sq.ft in 2002, Rs 1,800 per sq.ft in 2007, Rs 4,000 per sq.ft in 2023, and Rs 4,400 per sq.ft in 2024.

Is there a guideline value for the years 2003, 2012, and 2017?

No, the register has no figures for Mohanapuri 1st Cross Street for the years 2003, 2012, and 2017.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator available on the website.