Guideline Value for Yamunai Nagar

Yamunai Nagar guideline value

The current guideline value of Yamunai Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Residential Special Type - I. The relevant Sub Registrar Office for this area is the Gooduvancheri SRO.

How the guideline value of Yamunai Nagar has changed

The guideline value for Yamunai Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 200% increase. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%.

From 2017 to the latest revision in 2023, the guideline value rose by 49% to reach Rs 1,200 per sq.ft. Overall, from the 2007 revision to the 2023 revision, there has been a substantial increase of 200% in the guideline value.

Guideline values in Urapakkam

Yamunai Nagar is part of Urapakkam, which is governed by the Gooduvancheri SRO. Currently, there are no specific guideline values available for other streets in Urapakkam.

Stamp duty and registration fee for property in Yamunai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating stamp duty and registration fees, please use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yamunai Nagar?

The Sub Registrar Office that covers Yamunai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Urapakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, buyers and sellers must adhere to the guideline value set for the area, ensuring that the transaction is in compliance with local regulations. This value is essential for calculating the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Yamunai Nagar?

The current guideline value of Yamunai Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Yamunai Nagar?

Yamunai Nagar is classified as Residential Special Type - I, indicating its suitability for residential developments.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Yamunai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 84,000.