I have to disagree with TVP, at least in theory. Yes, the 0.2% elongation is often used to measure the yield stress, but that is typically offset by the elastic constant.
In general, you can calcualte the extension (strain) at yield by dividing the yield stress by the elastic constant. So for Grade 304L with a yield stress of 25,000 PSI and assuming a elastic constant of 29 E+6 PSI, you would get an extension at yield of .0009 or 0.09%. Of course, the elastic limit is less than the 0.2% offset yield stress, so, for annealed material, the extension at the elastic limit would be much less.
For cold worked material, the yield stress would be higher and the difference between the yield stress and the elastic limit would be less, but the end result is that TVP was correct in that it would be unlikely for the elastic extension to be over 0.2% (this would require a yeild stress over 50000 PSI).
rp