Guideline Value for RIVERVIEW COLONY YAMUNA STREET

Riverview Colony Yamuna Street guideline value

The current guideline value of Riverview Colony Yamuna Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Riverview Colony Yamuna Street has changed

Over the years, the guideline value for Riverview Colony Yamuna Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, representing a decline of 33%. In 2023, the value increased to Rs 3,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, from 2012 to 2024, there has been a 10% increase, reflecting the fluctuations in the guideline value over the years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Riverview Colony Yamuna Street above this median with its current value of Rs 3,300 per sq.ft.

• Riverview Colony Park Road: Rs 3,300 per sq.ft (2024)
• Riverview Enclave: Rs 3,300 per sq.ft (2024)
• Riverview Colony Narmatha Street: Rs 3,300 per sq.ft (2024)
• Riverview Colony Link Road: Rs 3,300 per sq.ft (2024)
• Riverview Colony Krishna Street: Rs 3,300 per sq.ft (2024)
• Riverview Colony Kothavari Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Riverview Colony Yamuna Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee, charged at 2%, would be Rs 66,000. Together, the total cost would be Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Riverview Colony Yamuna Street?

The Sub Registrar Office covering Riverview Colony Yamuna Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the transaction process.

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 all transactions are conducted fairly, adhering to the regulations set forth by the registration department.

Frequently asked questions

What is the current guideline value of Riverview Colony Yamuna Street?

The current guideline value of Riverview Colony Yamuna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 3,000 per sq.ft in 2012, dropping to Rs 2,010 per sq.ft in 2017, and then increasing to Rs 3,000 per sq.ft in 2023, before reaching Rs 3,300 per sq.ft in 2024.

What is the land classification for Riverview Colony Yamuna Street?

Riverview Colony Yamuna Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Riverview Colony Yamuna Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Riverview Colony Yamuna Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.