Guideline Value for YADAVAR STREET (WARD -19)

Yadavar Street (Ward -19) guideline value

The current guideline value of Yadavar Street (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Yadavar Street (Ward -19) has changed

Over the years, the guideline value for Yadavar Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 600 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. Yadavar Street's current guideline value is below this median.

• Yerikkarai Street (Ward -3): Rs 990 per sq.ft (2024)
• V.O.Sithamparanar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• V.O.C Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 1,100 per sq.ft (2024)
• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Vishnupriya Avenue Phase -III: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Yadavar Street (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Yadavar Street (Ward -19)?

The Sub Registrar Office that covers Yadavar Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ninna Karai. It serves as a benchmark for determining the minimum price at which a property can be registered. When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yadavar Street (Ward -19)?

The current guideline value of Yadavar Street (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Yerikkarai Street at Rs 990 per sq.ft, V.O.Sithamparanar Salai at Rs 1,760 per sq.ft, and Vivekananda Nagar at Rs 1,100 per sq.ft, among others.

What fees are associated with buying property in Yadavar Street?

When buying property in Yadavar Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Yadavar Street?

The Chengleput Joint II Sub Registrar Office covers Yadavar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.