Guideline Value for YASWANTH NAGAR PHASE II

Yaswanth Nagar Phase II guideline value

The current guideline value for Yaswanth Nagar Phase II is Rs 2,239 per sq.ft. This area is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Yaswanth Nagar Phase II has changed

Since the 2002 revision, there have been several updates to the guideline value for Yaswanth Nagar Phase II. The 2017 revision recorded a guideline value of Rs 1,500 per sq.ft, which was later revised to Rs 2,239 per sq.ft in 2023, marking an increase of 49% from the previous figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. The most recent revision in 2023 reflects the current guideline value.

Guideline values in Melakottyur

While there are no specific village figures provided for Melakottyur, Yaswanth Nagar Phase II has a current guideline value of Rs 2,239 per sq.ft. The area does not list any other streets in Melakottyur under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 22,39,000. The stamp duty at 7% would amount to Rs 1,56,730, and the registration fee at 2% would be Rs 44,780. Together, the total cost would be Rs 2,01,510. 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 Yaswanth Nagar Phase II?

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

To find your SRO, you can visit find your SRO.

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 serves as a reference point for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official valuation of the property.

When registering a property, the guideline value helps determine the financial obligations involved, including the taxes that need to be paid. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

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

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

How much has the guideline value changed in recent years?

The guideline value increased from Rs 1,500 per sq.ft in 2017 to Rs 2,239 per sq.ft in 2023, reflecting a 49% increase.

What land classification is Yaswanth Nagar Phase II?

Yaswanth Nagar Phase II is classified as Mixed Type - II.

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

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,01,510, which includes both fees.

Where is the Gooduvancheri Sub Registrar Office located?

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