Guideline Value for YATHVIK TOWNSHIP

Yathvik Township guideline value

The current guideline value for Yathvik Township, located in Orathur village under the Gooduvancheri SRO, is Rs 469 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Yathvik Township has changed

According to the guideline value register, the revision history for Yathvik Township shows that the guideline value has remained consistent at Rs 469 per sq.ft since the 2017 revision. The 2023 revision also maintained this figure, and there was no change from 2023 to 2024, indicating a stable valuation over these years.

For earlier revisions, there are no figures available for the years 2002, 2003, 2007, and 2012. Therefore, the guideline value has not fluctuated between 2017 and 2024, remaining at Rs 469 per sq.ft throughout this period.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. Yathvik Township's guideline value is below this median.

• V.O.C. Nagar: Rs 505 per sq.ft (2024)
• Vinayaga Nagar Part-II: Rs 500 per sq.ft (2024)
• Vinayaga Nagar: Rs 505 per sq.ft (2024)
• Vijaya Nagar: Rs 505 per sq.ft (2024)
• Vignesh Garden Extension-I: Rs 700 per sq.ft (2024)
• Vignesh Garden Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Yathvik Township

For a 1,000 sq.ft plot at the current guideline value of Rs 469 per sq.ft, the total guideline value amounts to Rs 4,69,000. The stamp duty at 7% would be Rs 32,830, and the registration fee at 2% would be Rs 9,380, bringing the total cost for these fees to Rs 42,210. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yathvik Township?

The Sub Registrar Office that covers Yathvik Township is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Orathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for Yathvik Township?

The current guideline value for Yathvik Township is Rs 469 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Yathvik Township has remained unchanged at Rs 469 per sq.ft since the 2017 revision, with no changes recorded in the revisions for 2023 and 2024.

What is the land classification for Yathvik Township?

The land classification for Yathvik Township is Mixed Special Type - I, which indicates its designated use and zoning regulations.

Where can I find the Sub Registrar Office for Yathvik Township?

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

How is the stamp duty calculated for properties in Yathvik Township?

Stamp duty for properties in Yathvik Township is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,69,000, the stamp duty would be Rs 32,830 at a rate of 7%.