Guideline Value for YAMUNA STREET

Yamuna Street guideline value

The current guideline value of Yamuna Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Yamuna Street has changed

The guideline value for Yamuna Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 78 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 28% rise. The value then saw a significant jump to Rs 400 per sq.ft in 2007, a 300% increase. Following this, the 2012 revision set the value at Rs 1,200 per sq.ft, reflecting a 200% increase from the previous figure. The most recent revision in 2024 has raised the guideline value to Rs 1,320 per sq.ft, a 10% increase from 2012.

There are no figures available for the years 2017 and 2023 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1592%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value. The values range from Rs 1,110 to Rs 8,580 per sq.ft, with a median of Rs 1,650 per sq.ft. The guideline value of Yamuna Street is below this median.

• Windermere: Rs 4,950 per sq.ft (2024)
• Yoga Narasimhan Nagar: Rs 1,320 per sq.ft (2024)
• Yoga Narasimhan Nagar Extension: Rs 1,320 per sq.ft (2024)
• 200 Feet Road: Rs 3,850 per sq.ft (2024)
• West Anna Nagar 9th Street: Rs 1,320 per sq.ft (2024)
• West Anna Nagar 9th Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Yamuna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. 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 Yamuna Street?

The Sub Registrar Office that covers Yamuna Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It determines 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 serves as a benchmark for both parties. It is essential to consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases from Rs 78 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, with various revisions in between.

What is the land classification of Yamuna Street?

Yamuna Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in Yamuna Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which office handles registrations for Yamuna Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Yamuna Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.