Guideline Value for Yadaval Extension 2nd Street

Yadaval Extension 2nd Street guideline value

The current guideline value of Yadaval Extension 2nd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, classified as Residential Class IV Type - I.

How the guideline value of Yadaval Extension 2nd Street has changed

The guideline value for Yadaval Extension 2nd Street has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 883 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2007, marking a 183% rise. The value then saw a 100% increase to Rs 5,000 per sq.ft in 2012, but dropped by 33% to Rs 3,350 per sq.ft in 2017. The 2023 revision raised it to Rs 5,000 per sq.ft, followed by a further increase to Rs 5,500 per sq.ft in 2024, which is a 10% rise from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 523%.

Guideline values in Kottur

In Kottur village, there are 114 streets that have 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 for Yadaval Extension 2nd Street is below this median.

• Yadaval Extension 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 4,95,000. 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 Yadaval Extension 2nd Street?

The Yadaval Extension 2nd 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 plays a crucial role in the registration process of property transactions in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value will be referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs can significantly impact the overall expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Yadaval Extension 2nd Street?

The current guideline value of Yadaval Extension 2nd 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 seen several revisions, starting from Rs 883 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 523% over this period.

What is the median guideline value in Kottur?

The median guideline value in Kottur is Rs 6,100 per sq.ft, with Yadaval Extension 2nd Street's value being below this median.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles property registrations for Yadaval Extension 2nd Street?

The Adayar Sub Registrar Office at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles property registrations for Yadaval Extension 2nd Street.