Guideline Value for YASODHA NAGAR 1ST STREET TO 5TH STREET

Yasodha Nagar 1st Street To 5th Street guideline value

The current guideline value for Yasodha Nagar 1st Street To 5th Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Yasodha Nagar 1st Street To 5th Street has changed

The guideline value for Yasodha Nagar 1st Street To 5th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,300 per sq.ft in the 2023 revision, and finally to Rs 2,530 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai features a total of 194 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, which is the same as the guideline value for Yasodha Nagar 1st Street To 5th Street.

• Yashodha Nagar: Rs 2,530 per sq.ft (2024)
• Venkateswara Nagar MAIN ROAD: Rs 4,125 per sq.ft (2024)
• Venkateswara Nagar: Rs 4,125 per sq.ft (2024)
• Veluswamy Nagar: Rs 3,300 per sq.ft (2024)
• Velswamy Nagar Extension: Rs 4,125 per sq.ft (2024)
• Velmurugan Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Yasodha Nagar 1st Street To 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yasodha Nagar 1st Street To 5th Street?

The Yasodha Nagar 1st Street To 5th Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Kilkattalai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in assessing the legal and financial responsibilities. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Yasodha Nagar 1st Street To 5th Street?

The current guideline value for Yasodha Nagar 1st Street To 5th Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, marking a 10% increase. It was Rs 1,541 per sq.ft in 2017, reflecting a 49% increase from that year to 2023.

What is the land classification for Yasodha Nagar 1st Street To 5th Street?

The land classification for Yasodha Nagar 1st Street To 5th Street is Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Yasodha Nagar?

The Sub Registrar Office covering Yasodha Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum value for calculating stamp duty and registration fees. It is essential for both buyers and sellers to understand this value to ensure compliance during the registration process.