Guideline Value for YADAVAR STREET (WARD -19)

Yadavar Street (Ward -19) guideline value

The current guideline value of Yadavar Street (Ward -19) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Yadavar Street has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 500 per sq.ft. The most recent revision in 2024 set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Yadavar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which means Yadavar Street's 2024 value is below the 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 1,320 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 661 per sq.ft (2024)
• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Vip Enclave: Rs 1,760 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to be aware of this 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Yadavar Street?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Yadavar Street (Ward -19)?

The land classification for Yadavar Street (Ward -19) is Residential Class II Type - I.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Yadavar Street (Ward -19)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.