Guideline Value for Yesunathar Koil Street

Yesunathar Koil Street guideline value

The current guideline value of Yesunathar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Yesunathar Koil Street has changed

Over the years, the guideline value for Yesunathar Koil Street has seen significant changes. In 2007, the guideline value was Rs 800 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 275%. However, between 2012 and 2017, it decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for Yesunathar Koil Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Yesunathar Koil Street's 2024 figure below that median.

• 11th Shasthri Street (Dr. Kannu Nagar 11th Street): Rs 2,200 per sq.ft (2024)
• West Jones Road: Rs 7,000 per sq.ft (2024)
• V.V. Giri Street: Rs 3,300 per sq.ft (2024)
• V.P. Arunachalam Street (Nesapakkam): Rs 2,200 per sq.ft (2024)
• V.P. Akilan Street: Rs 3,300 per sq.ft (2024)
• V.O.C. Street (V.O.C) (JPT): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Yesunathar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 Yesunathar Koil Street?

The Sub Registrar Office that covers Yesunathar Koil Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for additional information.

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

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

When you register a property, the authorities will assess the guideline value to ensure that the correct fees are applied. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Yesunathar Koil Street?

The current guideline value of Yesunathar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing a significant overall increase of 313% over the years.

What is the median guideline value of streets in Kodambakkam?

The median guideline value of streets in Kodambakkam is Rs 4,900 per sq.ft, with Yesunathar Koil Street's 2024 figure being below this median.

What fees are associated with property transactions in Yesunathar Koil Street?

Property transactions in Yesunathar Koil Street involve stamp duty and registration fees, calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Yesunathar Koil Street?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, covering Yesunathar Koil Street.