Guideline Value for Yasodha Nagar

Yasodha Nagar guideline value

The current guideline value of Yasodha Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Yasodha Nagar has changed

The guideline value for Yasodha Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Yasodha Nagar in the register.

Guideline values in Kavulbazaar

Kavulbazaar village has 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, which is also the current guideline value for Yasodha Nagar.

• Vivekanandha Nagar: Rs 825 per sq.ft (2024)
• Vgn Southern Garden Extn: Rs 1,100 per sq.ft (2024)
• VGN Souther Garden: Rs 1,100 per sq.ft (2024)
• Sudharma: Rs 1,100 per sq.ft (2024)
• Sri Sai Nagar: Rs 1,100 per sq.ft (2024)
• Rathinavel Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Yasodha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the 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 more details.

Which Sub Registrar Office covers Yasodha Nagar?

The Sub Registrar Office that covers Yasodha Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kavulbazaar

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

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with the legal requirements. The registration office uses this value to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Yasodha Nagar?

The current guideline value of Yasodha Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64% overall. The value rose from Rs 502 per sq.ft in 2017 to Rs 825 per sq.ft in 2024.

What is the land classification for Yasodha Nagar?

The land classification for Yasodha Nagar is Residential Class II Type - I.

Where can I find the registration office for Yasodha Nagar?

The registration office for Yasodha Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Yasodha Nagar?

The stamp duty for properties in Yasodha Nagar 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 would incur a stamp duty of Rs 57,750.