Guideline Value for Yogambal Street

Yogambal Street guideline value

The current guideline value of Yogambal Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Yogambal Street has changed

The guideline value for Yogambal Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in the 2012 revision, marking a substantial rise of 740%. However, in the 2017 revision, the value decreased to Rs 1,407 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 2,100 per sq.ft in the 2023 revision, and finally reached Rs 2,310 per sq.ft in the 2024 revision, which is an increase of 10% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 824%. The changes between the revisions highlight the fluctuations in property valuation over time, with the most recent figure aligning with the median value for other streets in Perungalathur.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the current guideline value for Yogambal Street.

• Z.L.M.J. Avenue: Rs 1,980 per sq.ft (2024)
• V.O.C Street: Rs 2,640 per sq.ft (2024)
• V.N.Apartments: Rs 2,640 per sq.ft (2024)
• Vivek Nagar Extension: Rs 1,320 per sq.ft (2024)
• Vivek Nagar: Rs 1,980 per sq.ft (2024)
• Vivekananda Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Yogambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total fees together to Rs 2,07,900. 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 information.

Which Sub Registrar Office covers Yogambal Street?

The Sub Registrar Office that covers Yogambal Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer and seller must ensure that the transaction adheres to the stipulated guideline value to avoid any discrepancies during registration. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Yogambal Street?

The current guideline value of Yogambal Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, showing an overall increase of 824% over this period.

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

Other streets in Perungalathur include Z.L.M.J. Avenue at Rs 1,980 per sq.ft, V.O.C Street at Rs 2,640 per sq.ft, and Vivek Nagar Extension at Rs 1,320 per sq.ft, among others.

What are the stamp duty and registration fees for property in Yogambal Street?

For a property valued at Rs 23,10,000 on Yogambal Street, the stamp duty would be Rs 1,61,700 and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Where is the Sub Registrar Office for Yogambal Street located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.