Guideline Value for Yes Kay Avenue

Yes Kay Avenue guideline value

The current guideline value of Yes Kay Avenue in Sethamangalam village is Rs 400 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as a New House Site Type -I (Individual House Site).

How the guideline value of Yes Kay Avenue has changed

The guideline value for Yes Kay Avenue has undergone several revisions over the years. In the 2012 revision, the value was Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. The value then increased significantly to Rs 400 per sq.ft in the 2023 revision, and it has stayed the same in the 2024 revision, showing no percentage change from the previous year.

Looking further back, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 400 per sq.ft.

Guideline values in Sethamangalam

Sethamangalam has 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making Yes Kay Avenue's 2024 figure equal to that median.

• Viilage Perumal Kovil Street: Rs 300 per sq.ft (2024)
• Selvam Nagar: Rs 405 per sq.ft (2024)
• New Colony Third Street: Rs 250 per sq.ft (2024)
• New Colony Second Street: Rs 250 per sq.ft (2024)
• New Colony First Street: Rs 250 per sq.ft (2024)
• Madha Kovil Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Yes Kay Avenue

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yes Kay Avenue?

The Sub Registrar Office that covers Yes Kay Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Sethamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Yes Kay Avenue?

The current guideline value of Yes Kay Avenue is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024, showing a significant increase from 2017 to 2023.

What are the other streets in Sethamangalam and their guideline values?

Other streets in Sethamangalam include Viilage Perumal Kovil Street at Rs 300 per sq.ft, Selvam Nagar at Rs 405 per sq.ft, and several New Colony streets all at Rs 250 per sq.ft, while Madha Kovil Street is at Rs 500 per sq.ft.

What is the stamp duty and registration fee for property in Yes Kay Avenue?

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total stamp duty and registration fee would be Rs 36,000, calculated from the guideline value of Rs 4,00,000.

Which office handles the registration for Yes Kay Avenue?

The Sunguvarchattram Sub Registrar Office handles the registration for Yes Kay Avenue, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.