Guideline Value for Sri Yogeswara Nagar III

Sri Yogeswara Nagar III guideline value

The current guideline value of Sri Yogeswara Nagar III is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Sri Yogeswara Nagar III has changed

The guideline value for Sri Yogeswara Nagar III has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, it saw a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an 8% increase. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value across these streets is Rs 2,150 per sq.ft, placing Sri Yogeswara Nagar III's 2024 figure below this median.

• Sri Yogeshwari Nagar II: Rs 1,300 per sq.ft (2024)
• Sri Yogeshwari Nagar I: Rs 1,300 per sq.ft (2024)
• S.S. Sabai Colony: Rs 1,900 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 2,700 per sq.ft (2024)
• Sudar Avenue: Rs 2,150 per sq.ft (2024)
• Sundaram Colony 1st Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Yogeswara Nagar III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Yogeswara Nagar III?

Sri Yogeswara Nagar III falls under 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Rajakilpakkam. It serves as a benchmark for assessing the value of properties, ensuring that the stamp duty and registration fees are calculated fairly based on this established value.

When buying or selling property, the guideline value helps determine the appropriate fees and taxes associated with the transaction. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Yogeswara Nagar III?

The current guideline value of Sri Yogeswara Nagar III is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Sri Yogeswara Nagar III?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Sri Yogeswara Nagar III?

The Selaiyur Sub Registrar Office covers Sri Yogeswara Nagar III, located at No.36, Bharathmatha Salai, Chennai - 600 073.

What is the land classification for Sri Yogeswara Nagar III?

Sri Yogeswara Nagar III is classified as Residential Class II Type - II.