Guideline Value for Yogam Garden

Yogam Garden guideline value

The current guideline value of Yogam Garden is Rs 3,850 per sq.ft, effective from 1 July 2024. It is located in Valasaravakkam village, under the Virugambakkam SRO, and classified as Residential Class II Type - I.

How the guideline value of Yogam Garden has changed

The guideline value for Yogam Garden has seen several revisions over the years. In 2002, the value was Rs 459 per sq.ft, which increased to Rs 499 per sq.ft in 2003, marking a 9% rise. The value then rose by 30% to Rs 650 per sq.ft in 2007. Following this, there was a significant increase of 438% to Rs 3,500 per sq.ft in 2012. However, this was followed by a decrease of 33% to Rs 2,345 per sq.ft in 2017. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, and finally, it rose by 10% to the current value of Rs 3,850 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 739%. There are no figures available for the revisions in the years not specified in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which matches the guideline value of Yogam Garden.

• Yerikkarai Road: Rs 3,300 per sq.ft (2024)
• West Kamokodi nagar Viyasar Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Velavan 3rd Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Velavan 2nd Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Velavan 1st Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Sundarar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Yogam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. 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 information.

Which Sub Registrar Office covers Yogam Garden?

The Sub Registrar Office that covers Yogam Garden is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a baseline for the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Yogam Garden?

The current guideline value of Yogam Garden is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 459 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 739% over this period.

What is the classification of land in Yogam Garden?

Yogam Garden is classified as Residential Class II Type - I, which indicates its use for residential purposes.

Where can I find the Sub Registrar Office for Yogam Garden?

The Virugambakkam Sub Registrar Office covers Yogam Garden, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Yogam Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property would incur a stamp duty of Rs 2,69,500 based on the current guideline value.