Guideline Value for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co

Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co guideline value

The current guideline value of Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co is Rs 1,000 per sq.ft. This property is located in Kongkaddu village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co has changed

Over the years, the guideline value for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co has seen several revisions. The earliest available figure is from 2007, where the guideline value was Rs 599 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 67%. However, in 2017, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. From 2017 to 2023, the guideline value increased by 49%, reaching Rs 1,000 per sq.ft in 2023, and it remains unchanged at this rate in the 2024 revision.

The register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 67%.

Guideline values in Kongkaddu

Kongkaddu village has seven streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 750 to Rs 1,000 per sq.ft. The median value for these streets is Rs 896 per sq.ft, placing the guideline value of Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co above this median.

• Vgn Abhivrudhi: Rs 896 per sq.ft (2024)
• Vgn Bloming Dale: Rs 750 per sq.ft (2024)
• Vgn Blooming Dale Phase -I: Rs 750 per sq.ft (2024)
• Vgn Blooming Dale Phase -II: Rs 750 per sq.ft (2024)
• V.G.N. Abhivrudhi Phase -2: Rs 900 per sq.ft (2024)
• Vgn Viruksham: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000 in fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co?

The Chengleput Joint II Sub Registrar Office covers Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kongkaddu. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the transaction is recorded at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co?

The current guideline value of Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 1,000 per sq.ft in 2024, which is unchanged from 2023. The value increased significantly from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the other streets in Kongkaddu and their guideline values?

Other streets in Kongkaddu include Vgn Abhivrudhi at Rs 896 per sq.ft, Vgn Bloming Dale, Vgn Blooming Dale Phase -I, and Vgn Blooming Dale Phase -II at Rs 750 per sq.ft, V.G.N. Abhivrudhi Phase -2 at Rs 900 per sq.ft, and Vgn Viruksham at Rs 1,000 per sq.ft.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the provided link.