Guideline Value for YOGA LAKSHMI NAGAR

Yoga Lakshmi Nagar guideline value

The current guideline value of Yoga Lakshmi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Morapakkam village and falls under the Madurandakam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Yoga Lakshmi Nagar has changed

In the 2023 revision, the guideline value for Yoga Lakshmi Nagar was Rs 200 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, from the 2023 to the 2024 revision, there has been a change of +0%. The current guideline value is consistent with the previous year's figure, indicating stability in the valuation for this street.

Guideline values in Morapakkam

In Morapakkam, there are 12 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, and Yoga Lakshmi Nagar's 2024 figure aligns with this median.

• Roja Nagar Part -II: Rs 100 per sq.ft (2024)
• Roja Nagar Part -I: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 200 per sq.ft (2024)
• Krishna Avenue Ext - I: Rs 200 per sq.ft (2024)
• Krishna Avenue Extension-I: Rs 200 per sq.ft (2024)
• J K Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Yoga Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees together Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yoga Lakshmi Nagar?

The Sub Registrar Office that covers Yoga Lakshmi Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Morapakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is taken into account to ensure that the transaction is recorded accurately. This value helps in maintaining transparency in property transactions and ensures that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Yoga Lakshmi Nagar?

The current guideline value of Yoga Lakshmi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Yoga Lakshmi Nagar has remained at Rs 200 per sq.ft from the 2023 revision to the 2024 revision, showing no change. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%, and the registration fee would be Rs 4,000 at 2%. The total amount due for these fees would be Rs 18,000.

Which office handles property registrations in Yoga Lakshmi Nagar?

The Madurandakam Sub Registrar Office handles property registrations for Yoga Lakshmi Nagar. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately and helps maintain transparency in the property market.