Guideline Value for YASWANTH NAGAR PHASE III

Yaswanth Nagar Phase III guideline value

The current guideline value of Yaswanth Nagar Phase III is Rs 2,239 per sq.ft. This area is located in Melakottyur village, under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this region is Mixed Type - II.

How the guideline value of Yaswanth Nagar Phase III has changed

In the 2017 revision, the guideline value was set at Rs 1,500 per sq.ft. This represents a significant increase of 49% to the current value of Rs 2,239 per sq.ft in the 2023 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

The increase from Rs 1,500 to Rs 2,239 indicates a notable adjustment in property valuation over the years. The most recent revision in 2023 reflects the current market conditions, while earlier revisions show a lack of available data for this specific street.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. Yaswanth Nagar Phase III is a part of this locality, and there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Yaswanth Nagar Phase III

For a 1,000 sq.ft plot at the current rate of Rs 2,239 per sq.ft, the guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total to Rs 2,01,510. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yaswanth Nagar Phase III?

The Yaswanth Nagar Phase III area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Melakottyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register. This value serves as a benchmark for assessing the worth of the property in legal terms, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Yaswanth Nagar Phase III?

The current guideline value of Yaswanth Nagar Phase III is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,500 per sq.ft to the current 2023 revision of Rs 2,239 per sq.ft, there has been an increase of 49% in the guideline value over this period.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Yaswanth Nagar Phase III. Only the 2017 and 2023 revisions have recorded values.

What fees are associated with property transactions in Yaswanth Nagar Phase III?

For a property transaction in Yaswanth Nagar Phase III, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Yaswanth Nagar Phase III located?

The Gooduvancheri Sub Registrar Office covers Yaswanth Nagar Phase III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.