Guideline Value for Yamuna Nagar

Yamuna Nagar guideline value

The current guideline value for Yamuna Nagar in Nasarathpettai village under the Poonamallee SRO is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Yamuna Nagar has changed

The guideline value for Yamuna Nagar has undergone several revisions over the years. The earliest available figure is from 2012, when the guideline value was Rs 1,200 per sq.ft. This figure remained the same until 2017, when it dropped to Rs 804 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and then further increased to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Nasarathpettai

Nasarathpettai has 19 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median value being Rs 1,320 per sq.ft. The guideline value for Yamuna Nagar aligns with this median.

• V.O.C Street: Rs 1,320 per sq.ft (2024)
• Varadappa Mudaliar Street: Rs 1,320 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,320 per sq.ft (2024)
• Shri Vaaru Avenue: Rs 1,320 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,320 per sq.ft (2024)
• Rajarathinam nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Yamuna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yamuna Nagar?

The Sub Registrar Office that covers Yamuna Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Nasarathpettai. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

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

Frequently asked questions

What is the current guideline value of Yamuna Nagar?

The current guideline value of Yamuna Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value has also seen a significant increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification of Yamuna Nagar?

Yamuna Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Yamuna Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which office handles property registrations for Yamuna Nagar?

The Poonamallee Sub Registrar Office is responsible for property registrations in Yamuna Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.