Guideline Value for YADAVAR STREET

Yadavar Street guideline value

The current guideline value of Yadavar Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Yadavar Street has changed

The guideline value for Yadavar Street has seen several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision marked a significant increase from the previous figure of Rs 117 per sq.ft in 2012, reflecting a 50% rise. However, from 2017 to 2023, there was no change, maintaining the value at Rs 175 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 175 per sq.ft, indicating no change from the 2023 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft. The median value is Rs 150 per sq.ft, placing Yadavar Street's 2024 figure above that median.

• Venkateswara Nagar Phase- I: Rs 200 per sq.ft (2024)
• Veerapathiraswamy Koil Street: Rs 200 per sq.ft (2024)
• Thottakara Street: Rs 175 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 200 per sq.ft (2024)
• Sindhu Nagar Phase-I: Rs 100 per sq.ft (2024)
• Sindhu Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Yadavar Street

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, resulting in a total of Rs 15,750. 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?

The Sub Registrar Office that covers Yadavar Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Salavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as per the official register. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Yadavar Street?

The current guideline value of Yadavar Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Yadavar Street has remained at Rs 175 per sq.ft since 2012, with a significant increase from Rs 117 per sq.ft in 2017. There have been no changes from 2023 to 2024.

What is the median guideline value in Salavakkam?

The median guideline value in Salavakkam is Rs 150 per sq.ft, with Yadavar Street's 2024 figure being above this median.

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

For a property on Yadavar Street valued at Rs 1,75,000, the stamp duty is Rs 12,250 and the registration fee is Rs 3,500, totaling Rs 15,750.

Which office do I need to visit for registration in Salavakkam?

The Salavakkam Sub Registrar Office is responsible for property registration in Yadavar Street, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.