Guideline Value for YELLOW LAND SETTERS

Yellow Land Setters guideline value

The current guideline value of Yellow Land Setters in Kavanipakkam village is Rs 389 per sq.ft, effective from 1 July 2024. This property falls under the Salavakkam SRO and is classified as Residential Special Type - II.

How the guideline value of Yellow Land Setters has changed

The guideline value for Yellow Land Setters has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 260 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 389 per sq.ft. The most recent revision in 2024 confirmed the same rate of Rs 389 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2017 to 2024, the increase remains at 50%, with the value stabilizing at Rs 389 per sq.ft since 2023.

Guideline values in Kavanipakkam

Kavanipakkam has a range of guideline values across its streets, with four streets under the Salavakkam SRO carrying a 2024 figure from Rs 101 to Rs 389 per sq.ft. The median value for these streets is Rs 102 per sq.ft, placing Yellow Land Setters above this median.

• Sri Balaji Avenue Part-III: Rs 101 per sq.ft (2024)
• Green City 1,2,3: Rs 101 per sq.ft (2024)
• A.R.Avenue: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Yellow Land Setters

For a 1,000 sq.ft plot at the current rate of Rs 389 per sq.ft, the guideline value amounts to Rs 3,89,000. The stamp duty at 7% would be Rs 27,230, and the registration fee at 2% would be Rs 7,780, totaling Rs 35,010. 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 Yellow Land Setters?

The Yellow Land Setters area is covered by the Salavakkam Sub Registrar Office located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavanipakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the duty is calculated based on the higher of the guideline value or the sale price. This ensures that the transaction is valued appropriately for taxation purposes.

Frequently asked questions

What is the current guideline value of Yellow Land Setters?

The current guideline value of Yellow Land Setters is Rs 389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 389 per sq.ft since the 2023 revision, which also recorded the same figure. From 2017 to 2023, the value increased by 50% from Rs 260 per sq.ft.

What are the other streets in Kavanipakkam and their guideline values?

Other streets in Kavanipakkam include Sri Balaji Avenue Part-III at Rs 101 per sq.ft, Green City 1,2,3 at Rs 101 per sq.ft, and A.R.Avenue at Rs 102 per sq.ft, all for the year 2024.

How is the stamp duty calculated for property in Yellow Land Setters?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 27,230.

Where can I find the Sub Registrar Office for Yellow Land Setters?

The Salavakkam Sub Registrar Office, which covers Yellow Land Setters, is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.