Guideline Value for YOGAMBAL STREET

Yogambal Street guideline value

The current guideline value of Yogambal Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Yogambal Street has changed

The guideline value of Yogambal Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,149 per sq.ft, which increased to Rs 1,276 per sq.ft in 2003, marking an 11% rise. From 2003 to 2007, it further increased by 57% to reach Rs 2,000 per sq.ft. A substantial jump occurred from 2007 to 2012, where the value surged by 500% to Rs 12,000 per sq.ft. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 8,040 per sq.ft.

In the subsequent revisions, the guideline value rose to Rs 12,000 per sq.ft in 2023, reflecting a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 13,200 per sq.ft, which is a 10% increase from the previous year. There are no figures available for any other revisions for this street.

Guideline values in Tnagar

In Tnagar village, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Yogambal Street's 2024 figure above that median.

• V.O.C. Street: Rs 6,600 per sq.ft (2024)
• Vivekanandan Street: Rs 11,000 per sq.ft (2024)
• Vijayaraghavachari Road Ist Street: Rs 13,200 per sq.ft (2024)
• Vijayaraghava Chari Road: Rs 17,600 per sq.ft (2024)
• Vidyodaya Main Road: Rs 11,000 per sq.ft (2024)
• Vidyodaya Ist Cross Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Yogambal Street

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yogambal Street?

The Sub Registrar Office that covers Yogambal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is essential during the registration process of property transactions in Tnagar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is crucial to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which can significantly impact their financial planning.

Frequently asked questions

What is the current guideline value of Yogambal Street?

The current guideline value of Yogambal Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,149 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 1049% over the years.

What is the registration office for Yogambal Street?

The registration office for Yogambal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Yogambal Street?

Stamp duty for properties in Yogambal Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.

What are the guideline values of other streets in Tnagar?

Other streets in Tnagar have varying guideline values. For instance, V.O.C. Street has a guideline value of Rs 6,600 per sq.ft, while Vijayaraghava Chari Road has a value of Rs 17,600 per sq.ft in 2024.