Guideline Value for YES VEE GARDEN

Yes Vee Garden guideline value

The current guideline value of Yes Vee Garden is Rs 4,185 per sq.ft, effective from 1 July 2024. This property is located in Kerugambakkam village, under the Pammal SRO, and falls under the Mixed Type - II land classification.

How the guideline value of Yes Vee Garden has changed

The guideline value for Yes Vee Garden has seen several revisions over the years. From the 2017 revision, which was Rs 2,500 per sq.ft, there was no change until the 2023 revision, where it remained at Rs 2,500 per sq.ft. However, in the 2024 revision, the value increased significantly to Rs 4,185 per sq.ft, marking a 67% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Yes Vee Garden's 2024 figure is above this median.

• Vtb Kuberan Garden: Rs 3,300 per sq.ft (2024)
• VOC Street: Rs 1,650 per sq.ft (2024)
• V.J. Nagar: Rs 1,980 per sq.ft (2024)
• Visalakshi Nagar: Rs 1,980 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,840 per sq.ft (2024)
• Vigneshwara Nagar (ward 7): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Yes Vee Garden

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 41,85,000. The stamp duty at 7% would be Rs 2,92,950, and the registration fee at 2% would be Rs 83,700, bringing the total to Rs 3,76,650. 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 Yes Vee Garden?

The Yes Vee Garden property falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the necessary fees and taxes associated with the transaction, providing a standardized approach to property registration.

Frequently asked questions

What is the current guideline value of Yes Vee Garden?

The current guideline value of Yes Vee Garden is Rs 4,185 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 67%, from Rs 2,500 per sq.ft to Rs 4,185 per sq.ft.

What is the land classification for Yes Vee Garden?

Yes Vee Garden is classified under the Mixed Type - II land classification.

Where can I find the registration office for Yes Vee Garden?

The registration office for Yes Vee Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Yes Vee Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,76,650.