Guideline Value for Yogeshwaran Street Cross Street

Yogeshwaran Street Cross Street guideline value

The current guideline value for Yogeshwaran Street Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Yogeshwaran Street Cross Street has changed

The guideline value for Yogeshwaran Street Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft by 2012. However, this figure dropped to Rs 2,680 per sq.ft in 2017. Following that, the value rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision.

In terms of percentage changes, the value increased by 135% from 2007 to 2012, then decreased by 33% from 2012 to 2017. After that, it saw a substantial increase of 49% from 2017 to 2023, and finally, a rise of 10% from 2023 to 2024. The overall increase from 2007 to 2024 is 159%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thalakanancherry

Thalakanancherry village has 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,900 per sq.ft, making the current value of Rs 4,400 per sq.ft for Yogeshwaran Street Cross Street above the median.

• Yogeshwaran Street: Rs 3,900 per sq.ft (2024)
• Yezhuramman Koil Street (Ealuramman Koil Street): Rs 2,800 per sq.ft (2024)
• Yerikkarai Street: Rs 3,900 per sq.ft (2024)
• Voltas Colony Main: Rs 4,400 per sq.ft (2024)
• Voltas Colony Extension: Rs 4,400 per sq.ft (2024)
• Voltas Colony 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Yogeshwaran Street Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. 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 Street Cross Street?

The Sub Registrar Office that covers Yogeshwaran Street 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 Thalakanancherry

The guideline value serves as a benchmark for property transactions in Thalakanancherry. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership.

It is crucial for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring that the sale price meets or exceeds the guideline value is essential for compliance with local regulations during registration.

Frequently asked questions

What is the current guideline value for Yogeshwaran Street Cross Street?

The current guideline value for Yogeshwaran Street Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% during this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000. These fees are calculated based on the guideline value or sale price, whichever is higher.

Which office handles registrations for this street?

The Alandur Sub Registrar Office is responsible for handling registrations for Yogeshwaran Street Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Yogeshwaran Street Cross Street?

The land classification for Yogeshwaran Street Cross Street is Residential Class I Type - II, which indicates its suitability for residential purposes.