Guideline Value for YASWANTH NAGAR PHASE IV

Yaswanth Nagar Phase IV guideline value

The current guideline value of Yaswanth Nagar Phase IV is Rs 1,700 per sq.ft. This area is located in Melakottyur village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Yaswanth Nagar Phase IV has changed

According to the guideline value register, the revisions for Yaswanth Nagar Phase IV show that there has been no figure published for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision was in 2023, which set the guideline value at Rs 1,700 per sq.ft.

There have been no changes between these revisions, and the only available figure for this street is from the 2023 revision. Therefore, the guideline value remains consistent with no fluctuations noted in previous years.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Yaswanth Nagar Phase IV is part of the Melakottyur area, and there are no other streets in Melakottyur under the Gooduvancheri SRO listed at this time.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Yaswanth Nagar Phase IV?

The Gooduvancheri Sub Registrar Office covers Yaswanth Nagar Phase IV. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Melakottyur, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure they comply with legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price exceeds the guideline value, the duty is calculated based on the sale price; otherwise, it is based on the guideline value.

Frequently asked questions

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

The current guideline value of Yaswanth Nagar Phase IV is Rs 1,700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Yaswanth Nagar Phase IV between the revisions. The only available figure is from the 2023 revision, which is Rs 1,700 per sq.ft.

What is the land classification for Yaswanth Nagar Phase IV?

The land classification for Yaswanth Nagar Phase IV is Commercial Class I Type - II.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated for properties in Yaswanth Nagar Phase IV?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000.