Guideline Value for Yamuna Street (Devi Nagar)

Yamuna Street (Devi Nagar) guideline value

The current guideline value of Yamuna Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Yamuna Street (Devi Nagar) has changed

The guideline value for Yamuna Street (Devi Nagar) has undergone several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft. This figure then decreased to Rs 1,474 per sq.ft in the 2017 revision. The subsequent revision in 2023 saw a significant increase to Rs 2,200 per sq.ft, followed by the latest revision in 2024, which raised the value to Rs 2,400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 9%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with the median value being Rs 2,400 per sq.ft. The guideline value for Yamuna Street (Devi Nagar) aligns with this median.

• Yamuna Nagar: Rs 1,600 per sq.ft (2024)
• West Mada Street: Rs 2,400 per sq.ft (2024)
• V.V. Giri Street: Rs 2,400 per sq.ft (2024)
• V.P. Nagar: Rs 990 per sq.ft (2024)
• V.O.C. Nagar: Rs 2,700 per sq.ft (2024)
• V.O.Chithambaram Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Yamuna Street (Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, these fees total Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yamuna Street (Devi Nagar)?

The Sub Registrar Office that covers Yamuna Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must consider this value to understand the financial implications of their property transactions accurately.

Frequently asked questions

What is the current guideline value of Yamuna Street (Devi Nagar)?

The current guideline value of Yamuna Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Yamuna Street (Devi Nagar)?

Yamuna Street (Devi Nagar) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Yamuna Street (Devi Nagar)?

The Sub Registrar Office for Yamuna Street (Devi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.