Guideline Value for Yamunai Street(GANGA NAGAR)

Yamunai Street(GANGA NAGAR) guideline value

The current guideline value of Yamunai Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Yamunai Street(GANGA NAGAR) has changed

The guideline value for Yamunai Street(GANGA NAGAR) has seen several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Following this, there was a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 408%, highlighting significant fluctuations in the guideline value over the years.

Guideline values in Moovarasampattu

In Moovarasampattu village, there are 68 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Yamunai Street(GANGA NAGAR). Below are other streets in Moovarasampattu with their respective guideline values:

• Yerikkarai Street: Rs 3,300 per sq.ft (2024)
• Vaigai Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Thungapathira Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Thamirabarani Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 3,300 per sq.ft (2024)
• Sindhu Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Yamunai Street(GANGA NAGAR)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Yamunai Street(GANGA NAGAR)?

The Sub Registrar Office that covers Yamunai Street(GANGA NAGAR) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Moovarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Yamunai Street(GANGA NAGAR)?

The current guideline value of Yamunai Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 408% over the years.

What is the stamp duty for property in Yamunai Street(GANGA NAGAR)?

The stamp duty for property in Yamunai Street(GANGA NAGAR) is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Where can I find the Sub Registrar Office for Yamunai Street(GANGA NAGAR)?

The Sub Registrar Office for Yamunai Street(GANGA NAGAR) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Moovarasampattu with the same guideline value?

Other streets in Moovarasampattu that share the same guideline value of Rs 3,300 per sq.ft include Yerikkarai Street, Vaigai Street(GANGA NAGAR), Thungapathira Street(GANGA NAGAR), Thamirabarani Street(GANGA NAGAR), Sri Venkateshwara Nagar, and Sindhu Street(GANGA NAGAR).