Guideline Value for Mohanarangam Nagar

Mohanarangam Nagar guideline value

The current guideline value for Mohanarangam Nagar, located in Karanaipuducheri village, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Mohanarangam Nagar has changed

The guideline value for Mohanarangam Nagar has seen various revisions over the years. Starting from Rs 200 per sq.ft in 2007, it increased to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 600 per sq.ft, showing no change from the previous year.

In summary, the changes between revisions are as follows: from 2007 to 2012, there was a significant increase of 200%; from 2012 to 2017, the value decreased by 33%; and from 2017 to 2023, it increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a guideline value for 2024 ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Mohanarangam Nagar's 2024 figure below this median.

• M.K.N. Nagar: Rs 701 per sq.ft (2024)
• M.A.V. Avenue: Rs 701 per sq.ft (2024)
• Mathimozhi Enclave: Rs 1,642 per sq.ft (2024)
• Nangil Nagar: Rs 701 per sq.ft (2024)
• Mallika Nagar: Rs 700 per sq.ft (2024)
• Malar Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Mohanarangam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mohanarangam Nagar?

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

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

The guideline value is a critical factor when registering a property in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, both parties must be aware of the guideline value as it affects the financial obligations during the registration process. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mohanarangam Nagar?

The current guideline value of Mohanarangam Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Karanaipuducheri?

The median guideline value for streets in Karanaipuducheri is Rs 802 per sq.ft, with Mohanarangam Nagar's value being below this median.

What are the stamp duty and registration fees for properties in Mohanarangam Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for Mohanarangam Nagar located?

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