Guideline Value for PARAMAHAMSA YOGANANDHA STREET

Paramahamsa Yoganandha Street guideline value

The current guideline value of Paramahamsa Yoganandha Street is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Paramahamsa Yoganandha Street has changed

Over the years, the guideline value of Paramahamsa Yoganandha Street has seen several revisions. The 2012 revision recorded a value of Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and further rose to Rs 3,700 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, when comparing the 2012 to the 2017 revision, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value in this village is Rs 2,700 per sq.ft, placing Paramahamsa Yoganandha Street's 2024 figure above that median.

• PARSN SYNERrGY: Rs 2,750 per sq.ft (2024)
• Parthasarathi Nagar: Rs 4,800 per sq.ft (2024)
• Nuthanjeri Link Road: Rs 3,300 per sq.ft (2024)
• Nuthanjeri Joint Road: Rs 3,300 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,400 per sq.ft (2024)
• Nheru Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Paramahamsa Yoganandha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, while the registration fee at 2% would be Rs 74,000, bringing the total cost to Rs 3,33,000. It is important to note that the 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 Paramahamsa Yoganandha Street?

The Sub Registrar Office that covers Paramahamsa Yoganandha Street 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 in the registration process when buying or selling property in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Paramahamsa Yoganandha Street?

The current guideline value of Paramahamsa Yoganandha Street is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,700 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Paramahamsa Yoganandha Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What are the stamp duty and registration fees for property here?

For a property with a guideline value of Rs 3,700 per sq.ft, the stamp duty would be Rs 2,59,000 and the registration fee would be Rs 74,000 for a 1,000 sq.ft plot, totaling Rs 3,33,000.

What is the land classification for Paramahamsa Yoganandha Street?

The land classification for Paramahamsa Yoganandha Street is Commercial Class I Type - I, indicating its suitability for commercial activities.