Guideline Value for Mohi Florence Phase-5

Mohi Florence Phase-5 guideline value

The current guideline value of Mohi Florence Phase-5 is Rs 2,900 per sq.ft, effective from 1 July 2024. This property is located in Vengaivasal village, under the Selaiyur SRO, and is classified as Residential Class I Type - V.

How the guideline value of Mohi Florence Phase-5 has changed

The guideline value for Mohi Florence Phase-5 has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,700 per sq.ft, which was then increased to Rs 2,900 per sq.ft in the 2024 revision, reflecting a change of +7%.

This increase from 2023 to 2024 indicates a significant adjustment in the guideline value for this area. The current figure of Rs 2,900 per sq.ft is now above the median guideline value of Rs 2,700 per sq.ft for the 117 streets in Vengaivasal under the Selaiyur SRO.

Guideline values in Vengaivasal

In Vengaivasal, the guideline values range from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Mohi Florence Phase-5 is above this median.

• Mohi Florence Phase-III: Rs 2,900 per sq.ft (2024)
• Mohi's Naple's: Rs 3,000 per sq.ft (2024)
• Muthumani Nagar: Rs 3,300 per sq.ft (2024)
• Megala Nagar: Rs 1,900 per sq.ft (2024)
• Nehru Street: Rs 1,650 per sq.ft (2024)
• Mambakkam Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mohi Florence Phase-5

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mohi Florence Phase-5?

The Sub Registrar Office that covers Mohi Florence Phase-5 is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers should be aware that the guideline value may influence the overall cost of property transactions.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted in accordance with the regulations set by the Registration Department. It is essential for both parties to understand these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mohi Florence Phase-5?

The current guideline value of Mohi Florence Phase-5 is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 2,700 per sq.ft to Rs 2,900 per sq.ft, marking a change of +7%.

What is the range of guideline values in Vengaivasal?

The guideline values in Vengaivasal range from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.