Guideline Value for YOGALAKSHMI NAGAR

Yogalakshmi Nagar guideline value

The current guideline value of Yogalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thammanur village under the Walajabad SRO, and is classified as Residential Special Type - I.

How the guideline value of Yogalakshmi Nagar has changed

The guideline value for Yogalakshmi Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 300 per sq.ft, which is unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, indicating a decrease of 33% from the 2012 to 2017 period. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 300 per sq.ft.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. The guideline values in these years are not available in the register.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 448 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Yogalakshmi Nagar's 2024 figure at this median.

• Walajabad Co -Operative Nagar: Rs 300 per sq.ft (2024)
• Vettri Nagar Pase-1: Rs 150 per sq.ft (2024)
• Sri Sathya Nagar: Rs 300 per sq.ft (2024)
• Sri Sai City: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Solar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Yogalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yogalakshmi Nagar?

The Sub Registrar Office that covers Yogalakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thammanur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yogalakshmi Nagar?

The current guideline value of Yogalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Yogalakshmi Nagar?

Yogalakshmi Nagar is classified as Residential Special Type - I, which indicates the type of development permitted in this area.

Where can I find the registration office for Yogalakshmi Nagar?

The registration office for Yogalakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Yogalakshmi Nagar?

Stamp duty for properties in Yogalakshmi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,00,000 incurs a stamp duty of Rs 21,000 at the rate of 7%.