Guideline Value for YOGA GANAPATHY NAGAR

Yoga Ganapathy Nagar guideline value

The current guideline value of Yoga Ganapathy Nagar is Rs 1,300 per sq.ft as per the 2023 revision. This area falls under Nalambakkam village and is governed by the Gooduvancheri Sub Registrar Office. The land classification for this locality is Residential Special Type - II.

How the guideline value of Yoga Ganapathy Nagar has changed

The guideline value of Yoga Ganapathy Nagar has seen a significant increase from the 2017 revision, where it was set at Rs 871 per sq.ft. This represents a change of +49%, leading to the current value of Rs 1,300 per sq.ft in the 2023 revision.

There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions with specific values are from 2017 and 2023.

Guideline values in Nalambakkam

While specific figures for other streets in Nalambakkam are not provided, Yoga Ganapathy Nagar currently holds a guideline value of Rs 1,300 per sq.ft. The following are the other streets in Nalambakkam:

• none given

Stamp duty and registration fee for property in Yoga Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yoga Ganapathy Nagar?

The Gooduvancheri Sub Registrar Office covers Yoga Ganapathy Nagar. The office is 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 Nalambakkam

The guideline value is a crucial factor during the registration process of property transactions in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Yoga Ganapathy Nagar?

The current guideline value of Yoga Ganapathy Nagar is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,300 per sq.ft, reflecting a change of +49%.

What is the land classification for Yoga Ganapathy Nagar?

Yoga Ganapathy Nagar is classified as Residential Special Type - II.

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.

How is stamp duty calculated for property in Yoga Ganapathy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 91,000.