Guideline Value for Yadavaar Street

Yadavaar Street guideline value

The current guideline value of Yadavaar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Yadavaar Street has changed

The guideline value for Yadavaar Street has undergone several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. In 2023, the value increased to Rs 800 per sq.ft, and the latest revision in 2024 has raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw a significant increase of 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 Kovilpathagai

In Kovilpathagai village, there are 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value is Rs 870 per sq.ft, placing Yadavaar Street's 2024 figure above this median.

• West Mada Street: Rs 880 per sq.ft (2024)
• Yogalakshmi Nagar: Rs 807 per sq.ft (2024)
• Yogam Avenue: Rs 807 per sq.ft (2024)
• V.O.C. Lakshmi Street: Rs 880 per sq.ft (2024)
• Veppangulam Street: Rs 880 per sq.ft (2024)
• Venkatraman Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Yadavaar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yadavaar Street?

The Sub Registrar Office covering Yadavaar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It determines the stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for property valuation, assisting both buyers and sellers in understanding the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Yadavaar Street?

The current guideline value of Yadavaar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Yadavaar Street?

Yadavaar Street is classified as Residential Class II Type - I.

What are the other streets in Kovilpathagai with similar guideline values?

Other streets in Kovilpathagai with similar guideline values include West Mada Street, V.O.C. Lakshmi Street, and Venkatraman Street, all at Rs 880 per sq.ft in 2024.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.