Guideline Value for YASWANTH AVENUE PHASE - II

Yaswanth Avenue Phase - II guideline value

The current guideline value for Yaswanth Avenue Phase - II is Rs 2,538 per sq.ft. This property is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - III.

How the guideline value of Yaswanth Avenue Phase - II has changed

The guideline value for Yaswanth Avenue Phase - II has undergone several revisions over the years. The oldest recorded revision is from 2002, 2003, 2007, and 2012, for which the register has no figure for this street. The 2017 revision set the guideline value at Rs 1,700 per sq.ft, and the most recent revision in 2023 increased this to Rs 2,538 per sq.ft, marking a significant increase of 49% from the 2017 figure.

This increase reflects the changes in the guideline value over time, with the latest figure of Rs 2,538 per sq.ft being the only one available for 2023. The revisions without figures for this street highlight the lack of historical data for certain years, specifically 2024, 2012, 2007, 2003, and 2002.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Yaswanth Avenue Phase - II is situated within this village, and the following are the other streets in Melakottyur:

Stamp duty and registration fee for property in Yaswanth Avenue Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,538 per sq.ft, the total guideline value amounts to Rs 25,38,000. The stamp duty at 7% would be Rs 1,77,660, and the registration fee at 2% would be Rs 50,760, bringing the total to Rs 2,28,420. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yaswanth Avenue Phase - II?

The Yaswanth Avenue Phase - II property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Melakottyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate financial planning.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Yaswanth Avenue Phase - II?

The current guideline value of Yaswanth Avenue Phase - II is Rs 2,538 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,700 per sq.ft to Rs 2,538 per sq.ft, which is a rise of 49%.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Yaswanth Avenue Phase - II. The only revisions available are for 2017 and 2023.

What are the stamp duty and registration fees for property in Yaswanth Avenue Phase - II?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total cost would be Rs 2,28,420.

Which office handles property registrations for Yaswanth Avenue Phase - II?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Yaswanth Avenue Phase - II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.