Guideline Value for YOHASREE NAGAR

Yohasree Nagar guideline value

The current guideline value of Yohasree Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Palavedu village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Yohasree Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure decreased to Rs 268 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it up to Rs 400 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Palavedu

In Palavedu, there are 18 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 290 to Rs 1,100 per sq.ft. The median guideline value is Rs 440 per sq.ft, which is equal to the current value of Yohasree Nagar.

• Vikas Nagar: Rs 440 per sq.ft (2024)
• S V Nagar: Rs 440 per sq.ft (2024)
• Sri Vga Nagar: Rs 330 per sq.ft (2024)
• Sri Durgai Amman Nagar: Rs 290 per sq.ft (2024)
• Palavedu Main Road: Rs 440 per sq.ft (2024)
• Om Saravana Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Yohasree Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yohasree Nagar?

The Sub Registrar Office that covers Yohasree Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Palavedu, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Yohasree Nagar?

The current guideline value of Yohasree Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Yohasree Nagar?

Yohasree Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty rates for property in Yohasree Nagar?

The stamp duty for property transactions in Yohasree Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Yohasree Nagar located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.