Guideline Value for Yasin Nagar

Yasin Nagar guideline value

The current guideline value of Yasin Nagar is Rs 200 per sq.ft, effective from 1 July 2024. Yasin Nagar is located in Kilay village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Yasin Nagar has changed

Over the years, the guideline value of Yasin Nagar has seen several revisions. The earliest recorded value was Rs 70 per sq.ft in 2007, which increased to Rs 200 per sq.ft in 2012. This was followed by a decrease to Rs 134 per sq.ft in 2017. The value remained stable at Rs 200 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from the 2007 revision to the 2024 revision shows an increase of 186%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Yasin Nagar's 2024 figure below this median.

• Vasinavi Nagar: Rs 400 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Teja's The Retreat: Rs 300 per sq.ft (2024)
• Sri Vaari Nagar: Rs 400 per sq.ft (2024)
• Sri Mahaganapathy Nagar: Rs 400 per sq.ft (2024)
• Sri Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Yasin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yasin Nagar?

The Sub Registrar Office that covers Yasin Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilay. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that the transaction is officially recorded and taxed appropriately.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Yasin Nagar?

The current guideline value of Yasin Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value of Yasin Nagar changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Kilay?

The median guideline value for the 31 streets in Kilay under the Sriperumpudur SRO is Rs 300 per sq.ft, with Yasin Nagar's 2024 figure being below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,000, based on the guideline value of Rs 2,00,000.

Which office handles property registrations for Yasin Nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles property registrations for Yasin Nagar.