Guideline Value for Yadaval Extension 1st Street

Yadaval Extension 1st Street guideline value

The current guideline value of Yadaval Extension 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Yadaval Extension 1st Street has changed

The guideline value for Yadaval Extension 1st Street has seen several revisions over the years. In 2003, the value was Rs 883 per sq.ft, which increased significantly to Rs 2,500 per sq.ft by 2007. The 2012 revision brought the value to Rs 5,000 per sq.ft, but it dropped to Rs 3,350 per sq.ft in 2017. The 2023 revision set the value at Rs 5,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 5,500 per sq.ft.

Notably, the changes between revisions include a 183% increase from 2003 to 2007, a 100% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 523%. The register has no figure for the year 2002 for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. The guideline value of Yadaval Extension 1st Street is below this median.

• Yadaval Extension 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 3rd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 4th Street: Rs 5,500 per sq.ft (2024)
• Yadaval Street: Rs 6,600 per sq.ft (2024)
• Yerikkarai Street: Rs 5,000 per sq.ft (2024)
• Valliyammai Achi Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Yadaval Extension 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value is Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yadaval Extension 1st Street?

The Yadaval Extension 1st Street falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kottur, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This value is regularly updated and reflects the market conditions for properties in the area.

Frequently asked questions

What is the current guideline value of Yadaval Extension 1st Street?

The current guideline value of Yadaval Extension 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 883 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, with various increases and decreases in between, including a significant increase of 523% overall.

What is the land classification for Yadaval Extension 1st Street?

Yadaval Extension 1st Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Yadaval Extension 1st Street?

The Sub Registrar Office for Yadaval Extension 1st Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How do I calculate the stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can refer to the stamp duty and registration fee calculator for assistance.