Guideline Value for Yes Pee Avenue

Yes Pee Avenue guideline value

The current guideline value of Yes Pee Avenue is Rs 2,700 per sq.ft. This street is located in Kathirvedu village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Yes Pee Avenue has changed

Over the years, the guideline value of Yes Pee Avenue has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the Rs 1,675 per sq.ft recorded in the 2017 revision. The value remained at Rs 2,500 per sq.ft until the 2023 revision, which increased it to Rs 2,500 per sq.ft, marking a significant increase of 49% from the 2017 figure. The most recent revision, effective from 1 July 2024, has raised the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from the 2023 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Yes Pee Avenue. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 8%.

Guideline values in Kathirvedu

Kathirvedu village has a total of 78 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Yes Pee Avenue's 2024 figure of Rs 2,700 per sq.ft above the median.

• West Street: Rs 1,300 per sq.ft (2024)
• V.O.C.Street: Rs 1,100 per sq.ft (2024)
• V.M.K.Nagar: Rs 2,000 per sq.ft (2024)
• Vinayakar Koil Street: Rs 1,300 per sq.ft (2024)
• Veera Ragavalu Nagar Extension: Rs 2,300 per sq.ft (2024)
• Veera Ragavalu Nagar: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Yes Pee Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. 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 Pee Avenue?

The Sub Registrar Office that covers Yes Pee Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Yes Pee Avenue?

The current guideline value of Yes Pee Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 2,500 per sq.ft, increasing to Rs 2,700 per sq.ft in 2024. There were also notable increases from Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2023.

What is the land classification of Yes Pee Avenue?

Yes Pee Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Yes Pee Avenue?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Yes Pee Avenue?

The Ambattur Sub Registrar Office handles registrations for Yes Pee Avenue, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.