Guideline Value for Yuvasree Nagar

Yuvasree Nagar guideline value

The current guideline value of Yuvasree Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Nariyampakkam village under the Sriperumpudur SRO, classified as Mixed Type - III.

How the guideline value of Yuvasree Nagar has changed

Over the years, the guideline value of Yuvasree Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision has maintained the same value of Rs 500 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded value for Yuvasree Nagar starts from the 2012 revision.

Guideline values in Nariyampakkam

In Nariyampakkam, there are 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Yuvasree Nagar's 2024 figure above that median.

• Vijaya Nagar Extn: Rs 250 per sq.ft (2024)
• Vijaya Nagar: Rs 250 per sq.ft (2024)
• Thangam Nagar: Rs 250 per sq.ft (2024)
• Sri Ragavendra Garden: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• S.M. Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Yuvasree Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yuvasree Nagar?

The Sub Registrar Office that covers Yuvasree 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 Nariyampakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Nariyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Yuvasree Nagar?

The current guideline value of Yuvasree Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a drop to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023. The 2024 revision also maintains this value.

What are the other streets in Nariyampakkam and their guideline values?

Other streets in Nariyampakkam have varying guideline values, with rates ranging from Rs 250 to Rs 600 per sq.ft. For example, Vijaya Nagar Extn, Vijaya Nagar, Thangam Nagar, and Sri Ragavendra Garden all have a guideline value of Rs 250 per sq.ft in 2024.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For a property valued at Rs 5,00,000, the total stamp duty and registration fees would amount to Rs 45,000.

Where can I find the Sub Registrar Office for Yuvasree Nagar?

The Sub Registrar Office for Yuvasree Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.