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

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

The guideline value for Yadavar Street has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. However, the value saw a significant increase in the following years, rising to Rs 500 per sq.ft in 2023 and then to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase. The register has no figures for Yadavar Street for the years 2002, 2003, and 2007.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Yadavar Street's 2024 figure below that 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 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, totaling Rs 49,500. 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 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable stamp duty, which is charged on the higher of the guideline value or the sale price, ensuring transparency in property transactions.

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 for Yadavar Street has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Sattamangalam?

The median guideline value for streets in Sattamangalam is Rs 1,100 per sq.ft, which is above the current guideline value for Yadavar Street.

What are the stamp duty and registration fees for properties in Yadavar Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles property registrations for Yadavar Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Yadavar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.