Guideline Value for YASWANTH AVENUE PHASE - IV

Yaswanth Avenue Phase - IV guideline value

The current guideline value of Yaswanth Avenue Phase - IV is Rs 2,538 per sq.ft. This property is located in Melakottyur village under the Gooduvancheri SRO, with a land classification of Mixed Type - III.

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

The guideline value for Yaswanth Avenue Phase - IV has undergone revisions over the years. The most recent revision in 2023 set the guideline value at Rs 2,538 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,700 per sq.ft. This change represents a rise of 49% between the two revisions.

There are no figures available for the guideline value in the register for the years 2024, 2012, 2007, 2003, and 2002. Thus, the only figures available for this street are from the 2017 and 2023 revisions.

Guideline values in Melakottyur

Currently, there are no specific guideline values listed for other streets in Melakottyur. Yaswanth Avenue Phase - IV stands out with its current guideline value of Rs 2,538 per sq.ft.

• none given

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

For a 1,000 sq.ft plot at the current rate, the 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, making the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yaswanth Avenue Phase - IV?

The Yaswanth Avenue Phase - IV is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Melakottyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Yaswanth Avenue Phase - IV 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, representing a change of 49%.

Are there any guideline values available for years prior to 2017?

No, the register does not provide any guideline values for the years 2024, 2012, 2007, 2003, and 2002 for Yaswanth Avenue Phase - IV.

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

The stamp duty is charged at 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,28,420.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.