Guideline Value for YAMUNA STREET

Yamuna Street guideline value

The current guideline value of Yamuna Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village under the Chennai South Joint I SRO, classified as Residential Special Type - II.

How the guideline value of Yamuna Street has changed

Over the years, the guideline value of Yamuna Street has seen several revisions. The 2012 revision set the value at Rs 10,000 per sq.ft, which was then reduced to Rs 6,700 per sq.ft in the 2017 revision. However, the value significantly increased to Rs 10,000 per sq.ft in the 2023 revision, and it further rose by 10% to the current value of Rs 11,000 per sq.ft in the 2024 revision.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%. From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Yamuna Street's 2024 figure above this median.

• West Tankview Street: Rs 7,150 per sq.ft (2024)
• West Mada Veethi: Rs 7,150 per sq.ft (2024)
• West Kulakari Veethi: Rs 7,150 per sq.ft (2024)
• Watter Land Drive: Rs 11,000 per sq.ft (2024)
• Vikram Sarabai Instronics Estate: Rs 12,650 per sq.ft (2024)
• Vembuli Amman Kovil Street: Rs 3,520 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 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees together to Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 Thiruvanmiyur

The guideline value plays a crucial role in the registration process of property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then back to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for Yamuna Street?

Yamuna Street is classified as Residential Special Type - II under the Chennai South Joint I SRO.

Where can I find the registration office for Yamuna Street?

The registration office for 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.

How is the stamp duty calculated for properties in Yamuna Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current rate has a total guideline value of Rs 1,10,00,000, leading to a stamp duty of Rs 7,70,000.