Guideline Value for Yogeshwaran Cross Street

Yogeshwaran Cross Street guideline value

The current guideline value of Yogeshwaran Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Yogeshwaran Cross Street has changed

The guideline value for Yogeshwaran Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, when the value was Rs 223 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a 12% rise. By 2007, the value surged to Rs 1,200 per sq.ft, reflecting a significant increase of 380%. In 2012, the value remained at Rs 3,500 per sq.ft, showing no recorded change for that year. However, from 2012 to 2017, there was a decrease to Rs 2,345 per sq.ft, which is a drop of 33%.

In the subsequent years, the value increased to Rs 3,500 per sq.ft in 2023, followed by a rise to the current rate of Rs 3,900 per sq.ft in 2024, which is an 11% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,649%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value of Yogeshwaran Cross Street is above this median.

• Yogeshwaran Street Main: Rs 3,900 per sq.ft (2024)
• Yerikkarai Street: Rs 1,700 per sq.ft (2024)
• V O C Street: Rs 2,800 per sq.ft (2024)
• Vivekananda Street: Rs 2,800 per sq.ft (2024)
• Vikneshwarar Nagar Main: Rs 2,800 per sq.ft (2024)
• Vikneshwarar 3rd Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Yogeshwaran Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yogeshwaran Cross Street?

The Sub Registrar Office that covers Yogeshwaran Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ullagaram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Yogeshwaran Cross Street?

The current guideline value of Yogeshwaran Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 223 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1,649%.

What is the land classification for Yogeshwaran Cross Street?

The land classification for Yogeshwaran Cross Street is Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 3,51,000.

Where is the Sub Registrar Office located for Yogeshwaran Cross Street?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.