Guideline Value

Corporate

Guideline Value for Mohanapuri 1st Street

₹4400/sq.ft.

The guideline value for Mohanapuri 1st Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹455 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mohanapuri 1st Street

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Mohanapuri 1st Street guideline value

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

How the guideline value of Mohanapuri 1st Street has changed

The guideline value for Mohanapuri 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 455 per sq.ft, which increased to Rs 1,800 per sq.ft in 2007, marking a substantial rise of 296%. The value continued to grow, reaching Rs 2,680 per sq.ft in 2017, reflecting a 49% increase from the previous revision. However, there are no figures available for the years 2003 and 2012.

From 2017 to 2023, the guideline value rose to Rs 4,000 per sq.ft, an increase of 49%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by an impressive 867%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Mohanapuri 1st Street.

Stamp duty and registration fee for property in Mohanapuri 1st 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, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mohanapuri 1st Street?

The Sub Registrar Office that covers Mohanapuri 1st 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 a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the registration process is transparent and fair, reflecting the true value of the property being transferred.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 455 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 867% over this period.

What are the stamp duty rates for properties in Mohanapuri 1st Street?

The stamp duty rate for properties in Mohanapuri 1st Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Mohanapuri 1st Street?

The Velacheri Sub Registrar Office covers Mohanapuri 1st Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, which is the same as the current guideline value for Mohanapuri 1st Street.