Guideline Value for Yashodha Nagar

Yashodha Nagar guideline value

The current guideline value of Yashodha Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,530 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Yashodha Nagar has changed

The guideline value of Yashodha Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 147 per sq.ft, which increased to Rs 400 per sq.ft in 2007. The value then rose dramatically to Rs 2,300 per sq.ft in 2012, marking a 475% increase from the previous revision. However, between 2012 and 2017, the value decreased to Rs 1,541 per sq.ft, reflecting a decline of 33%. The value then increased again to Rs 2,300 per sq.ft in 2023, before reaching the current figure of Rs 2,530 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1621%. Notably, there is no figure for the year 2002 in the register for this street.

Guideline values in Kilkattalai

Kilkattalai village has a range of guideline values across its 194 streets under the Pallavaram SRO, with values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, and Yashodha Nagar's current value aligns with this median.

• Yasodha Nagar 1st Street To 5th Street: Rs 2,530 per sq.ft (2024)
• Venkateswara Nagar MAIN ROAD: Rs 4,125 per sq.ft (2024)
• Venkateswara Nagar: Rs 4,125 per sq.ft (2024)
• Veluswamy Nagar: Rs 3,300 per sq.ft (2024)
• Velswamy Nagar Extension: Rs 4,125 per sq.ft (2024)
• Velmurugan Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Yashodha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yashodha Nagar?

The Sub Registrar Office that covers Yashodha Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kilkattalai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Yashodha Nagar?

The current guideline value of Yashodha Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 147 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting a total increase of 1621% over this period.

What is the land classification of Yashodha Nagar?

Yashodha Nagar falls under the Residential Class I Type - II land classification.

What are the stamp duty rates for properties in Yashodha Nagar?

The stamp duty rate for properties in Yashodha Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Yashodha Nagar?

The Sub Registrar Office for Yashodha Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.