Guideline Value for YAMUNA NAGAR

Yamuna Nagar guideline value

The current guideline value of Yamuna Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Chembarambakkam village under the Poonamallee SRO, classified as Residential Class II Type - IV.

How the guideline value of Yamuna Nagar has changed

The guideline value for Yamuna Nagar has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 500 per sq.ft, which increased to Rs 550 per sq.ft in 2024, reflecting a change of +10%.

In summary, the 2024 revision marks an increase from the previous year's value. The 2024 figure of Rs 550 per sq.ft is the latest and only figure available for this street.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Yamuna Nagar is below this median.

• V.R Lakshmi Avenue: Rs 2,700 per sq.ft (2024)
• V M E Flats: Rs 1,100 per sq.ft (2024)
• Vishu Nagar: Rs 1,100 per sq.ft (2024)
• Vijaylakshmi Nagar I & II: Rs 1,100 per sq.ft (2024)
• Thilakar Street: Rs 878 per sq.ft (2024)
• Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Yamuna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yamuna Nagar?

The Yamuna Nagar area falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process for property transactions in Chembarambakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for all real estate transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to prevent undervaluation and ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Yamuna Nagar?

The current guideline value of Yamuna Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, marking an increase of +10%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Chembarambakkam?

Other streets in Chembarambakkam have varying guideline values, ranging from Rs 550 to Rs 4,000 per sq.ft. For example, V.R Lakshmi Avenue is Rs 2,700 per sq.ft, while V M E Flats, Vishu Nagar, and Vijaylakshmi Nagar I & II are all Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for property in Yamuna Nagar?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Yamuna Nagar?

The Poonamallee Sub Registrar Office handles property registration for Yamuna Nagar. The office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.