Guideline Value for Yogeshwaran Street

Yogeshwaran Street guideline value

The current guideline value of Yogeshwaran Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Yogeshwaran Street has changed

Since the 2007 revision, the guideline value for Yogeshwaran Street has seen significant changes. In 2007, the value was Rs 750 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 367%. However, in the 2017 revision, the value dropped to Rs 2,345 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by the latest increase to Rs 3,900 per sq.ft in 2024, which is an 11% increase from the previous year. The overall change from 2007 to 2024 represents a rise of 420%.

The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Yogeshwaran Street.

• Yogeshwaran Street Cross Street: Rs 4,400 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value comes 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, bringing the total cost for these charges to Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yogeshwaran Street?

The Sub Registrar Office that covers Yogeshwaran 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 is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. The guideline value serves as a reference point for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Yogeshwaran Street?

The current guideline value of Yogeshwaran 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 increased from Rs 750 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 420% over this period.

What are the stamp duty and registration fees for properties on Yogeshwaran Street?

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

Which Sub Registrar Office is responsible for Yogeshwaran Street?

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

What is the median guideline value in Thalakanancherry?

The median guideline value for streets in Thalakanancherry is Rs 3,900 per sq.ft, which is the same as the guideline value for Yogeshwaran Street.