Guideline Value for Yug nagar

Yug nagar guideline value

The current guideline value of Yug nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Yug nagar has changed

The guideline value for Yug nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The most recent 2024 revision maintained this figure at Rs 1,000 per sq.ft, resulting in an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision saw no change, remaining at +0%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Yug nagar is above this median.

• Xl Estates: Rs 700 per sq.ft (2024)
• V P Chatram: Rs 1,000 per sq.ft (2024)
• Vivekanandapuram: Rs 700 per sq.ft (2024)
• Vishnuprakash Nagar: Rs 700 per sq.ft (2024)
• Vinus garden: Rs 700 per sq.ft (2024)
• Vinayaga nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Yug nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yug nagar?

The Sub Registrar Office that covers Yug nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware that the fees will be based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Yug nagar?

The current guideline value of Yug nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Sriperumbudur A?

Other streets in Sriperumbudur A include Xl Estates, V P Chatram, Vivekanandapuram, Vishnuprakash Nagar, Vinus garden, and Vinayaga nagar, with varying guideline values.

How is stamp duty calculated for property in Yug nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000.

Where can I find the Sub Registrar Office for Yug nagar?

The Sub Registrar Office for Yug nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.