Guideline Value for Yogavalli nagar

Yogavalli nagar guideline value

The current guideline value of Yogavalli nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Yogavalli nagar has changed

The guideline value for Yogavalli nagar has seen significant changes over the years. In 2007, the value was Rs 500 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 300%. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then saw a substantial increase to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee village has 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Yogavalli nagar.

• Yogalakshmi nagar: Rs 2,200 per sq.ft (2024)
• Yadavar street: Rs 2,200 per sq.ft (2024)
• VPV Avenue: Rs 2,200 per sq.ft (2024)
• VPS Avenue: Rs 2,200 per sq.ft (2024)
• VPR Avenue: Rs 2,200 per sq.ft (2024)
• Viswanathan nagar MS: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Yogavalli nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Yogavalli nagar?

The Sub Registrar Office that covers Yogavalli nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the eyes of the law. It is essential for all parties involved to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yogavalli nagar?

The current guideline value of Yogavalli nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 340% over the years.

What are the stamp duty and registration fees for property in Yogavalli nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Yogavalli nagar?

The Poonamallee Sub Registrar Office covers Yogavalli nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification of Yogavalli nagar?

Yogavalli nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.