Guideline Value for Mohanapuri 4th Main Road

Mohanapuri 4th Main Road guideline value

The current guideline value of Mohanapuri 4th Main Road 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. The land classification for this area is Residential Class II Type - II.

How the guideline value of Mohanapuri 4th Main Road has changed

The guideline value for Mohanapuri 4th Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 4,000 per sq.ft, and the latest 2024 revision increased it further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Mohanapuri 4th Main Road.

• Mohanapuri 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Mohanapuri 4th Street: Rs 4,400 per sq.ft (2024)
• Mohanapuri 3rd Street: Rs 4,400 per sq.ft (2024)
• Mohanapuri 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Mohanapuri 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Mohanapuri 5th Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mohanapuri 4th Main Road

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, bringing the total fees together to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mohanapuri 4th Main Road?

The Sub Registrar Office that covers Mohanapuri 4th Main Road 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 in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mohanapuri 4th Main Road?

The current guideline value of Mohanapuri 4th Main Road 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Mohanapuri 4th Main Road?

The land classification for Mohanapuri 4th Main Road is Residential Class II Type - II.

How is the stamp duty calculated for properties on this road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.

Where is the Sub Registrar Office for Mohanapuri 4th Main Road located?

The Sub Registrar Office for Mohanapuri 4th Main Road is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.