Guideline Value for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing

Sri Yoga Hayagrivar Vijayam Sowbhagya Housing guideline value

The current guideline value for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Chettipunniyam village under the Chengleput Joint II SRO and falls within the Residential Class I Type - I land classification.

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

The guideline value for this property has seen several revisions over the years. In the 2007 revision, the value was Rs 599 per sq.ft, which increased to Rs 900 per sq.ft in the 2012 revision, showing a rise of 50%. However, in the 2017 revision, the value dropped to Rs 603 per sq.ft, marking a decrease of 33%. The value then rose significantly to Rs 900 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 50%.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 900 per sq.ft, which is the same as the current value for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing.

• Sri Venkateswara Mount View Nagar: Rs 900 per sq.ft (2024)
• Sterling Builders Uds: Rs 1,200 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 900 per sq.ft (2024)
• Sri Padmavathi Nagar 3: Rs 700 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 5: Rs 900 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 3: Rs 900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total charges to Rs 81,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sri Yoga Hayagrivar Vijayam Sowbhagya Housing falls under the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chettipunniyam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is not lower than the guideline value to comply with registration regulations. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 900 per sq.ft in both 2023 and 2024. The value increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, marking a 49% increase.

What is the stamp duty for a property in this area?

The stamp duty for a property in Sri Yoga Hayagrivar Vijayam Sowbhagya Housing is 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 63,000.

Which office handles registrations for this property?

The Chengleput Joint II Sub Registrar Office handles registrations for Sri Yoga Hayagrivar Vijayam Sowbhagya Housing. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for this property?

Sri Yoga Hayagrivar Vijayam Sowbhagya Housing is classified under Residential Class I Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions.