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 Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

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 most recent revision in 2024 set the value at Rs 660 per sq.ft, which is an increase from Rs 600 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the value was Rs 402 per sq.ft in 2017, marking a significant increase of 49% to the 2023 figure. In 2012, the value was Rs 600 per sq.ft, which indicates a decrease of 33% to the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Yadavar Street. Therefore, the last recorded values before 2012 were not specified in the register.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Yadavar Street's 2024 figure 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 1,320 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)
• 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 rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 Peramanoor

The guideline value is a crucial factor when buying or selling property in Peramanoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration 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 the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

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 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 402 per sq.ft in 2017, which is a 49% increase from the 2023 figure.

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

Yadavar Street (Ward -19) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in Yadavar Street (Ward -19)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Yadavar Street (Ward -19)?

The Chengleput Joint II Sub Registrar Office handles registrations for Yadavar Street (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.