Guideline Value for YES ESI LAKE FRONT

Yes Esi Lake Front guideline value

The current guideline value of Yes Esi Lake Front is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Yes Esi Lake Front has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. From 2012 to 2024, there was an increase of 8%, resulting in the current guideline value of Rs 2,700 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions that provide figures for Yes Esi Lake Front are from 2012 and 2024, highlighting a significant change in the valuation over the 12-year period.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Yes Esi Lake Front's 2024 figure above this median.

• Yasotha Nagar Extension: Rs 2,100 per sq.ft (2024)
• Yasotha Nagar: Rs 2,500 per sq.ft (2024)
• Water Canal Road: Rs 3,300 per sq.ft (2024)
• V.P.C.NAGAR 2nd STREET: Rs 1,600 per sq.ft (2024)
• V.P.C.NAGAR 1st STREET: Rs 1,600 per sq.ft (2024)
• V.M.T.Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Yes Esi Lake Front

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Yes Esi Lake Front?

The Sub Registrar Office that covers Yes Esi Lake Front is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential reference point used during the registration of property transactions in Korattur. It helps determine the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers are aware of the financial obligations involved.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Yes Esi Lake Front?

The current guideline value of Yes Esi Lake Front is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision, where the value was Rs 2,500 per sq.ft, the guideline value increased by 8% to reach Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Yes Esi Lake Front?

The land classification for Yes Esi Lake Front is Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Yes Esi Lake Front?

For a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Yes Esi Lake Front?

The Villivakkam Sub Registrar Office handles registrations for Yes Esi Lake Front. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.