Guideline Value for Yogeshwaran Street Main

Yogeshwaran Street Main guideline value

The current guideline value of Yogeshwaran Street Main in Ullagaram village, under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - III.

How the guideline value of Yogeshwaran Street Main has changed

The guideline value for Yogeshwaran Street Main has seen several revisions over the years. In 2003, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2007. The value then rose to Rs 3,500 per sq.ft in 2012, before dropping to Rs 2,345 per sq.ft in 2017. Following this, the value increased to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in 2024.

Notably, the changes between revisions include a 380% increase from 2003 to 2007, a 192% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and an 11% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 1460%. The register has no figure for the year 2002 for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that have 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. Yogeshwaran Street Main's 2024 figure of Rs 3,900 per sq.ft is above this median.

• Yogeshwaran Cross Street: 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 Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. The stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yogeshwaran Street Main?

The Sub Registrar Office that covers Yogeshwaran Street Main 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Ullagaram. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value serves as a reference point to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yogeshwaran Street Main?

The current guideline value of Yogeshwaran Street Main 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 increased from Rs 250 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, with various changes in between, including a peak of Rs 3,500 per sq.ft in 2023.

What is the land classification for Yogeshwaran Street Main?

Yogeshwaran Street Main is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 39,00,000 would incur a total fee of Rs 3,51,000.

Which office handles the registration for Yogeshwaran Street Main?

The Alandur Sub Registrar Office handles the registration for Yogeshwaran Street Main, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.