Guideline Value for Kabilar Street (alies) Yadhaval Street

Kabilar Street (alies) Yadhaval Street guideline value

The current guideline value of Kabilar Street (alies) Yadhaval Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kabilar Street (alies) Yadhaval Street has changed

The guideline value for Kabilar Street (alies) Yadhaval Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by an 11% rise from 2023 to 2024. The overall change from the 2007 revision to the 2024 revision is an increase of 212%. The fluctuation in values reflects the changes in the real estate landscape over the years.

Guideline values in Palavanthangal

In Palavanthangal village, there are 95 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value for Kabilar Street (alies) Yadhaval Street.

• Joseph Street: Rs 3,900 per sq.ft (2024)
• John Desigan Street: Rs 4,400 per sq.ft (2024)
• James Street: Rs 3,300 per sq.ft (2024)
• Jaihind Street: Rs 3,300 per sq.ft (2024)
• Kannaiyaa Street Lane: Rs 3,900 per sq.ft (2024)
• Kannan Colony: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kabilar Street (alies) Yadhaval Street

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, leading to a total of Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kabilar Street (alies) Yadhaval Street?

The Sub Registrar Office that covers Kabilar Street (alies) Yadhaval Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Palavanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the stamp duty and registration fees payable. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kabilar Street (alies) Yadhaval Street?

The current guideline value of Kabilar Street (alies) Yadhaval 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 seen several changes, starting from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024. The most significant increase was from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the land classification for Kabilar Street (alies) Yadhaval Street?

The land classification for Kabilar Street (alies) Yadhaval Street is Residential Class I Type - III.

What are the other streets in Palavanthangal with their guideline values?

Other streets in Palavanthangal include Joseph Street, John Desigan Street, James Street, Jaihind Street, Kannaiyaa Street Lane, and Kannan Colony, with guideline values ranging from Rs 2,800 to Rs 4,400 per sq.ft.

Where is the Alandur Sub Registrar Office located?

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