Guideline Value for Yadaval Extension 3rd Street

Yadaval Extension 3rd Street guideline value

The current guideline value of Yadaval Extension 3rd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Yadaval Extension 3rd Street has changed

The guideline value for Yadaval Extension 3rd Street has seen several revisions over the years. The earliest recorded value in 2003 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 rose to Rs 5,000 per sq.ft in 2012, which represented a 100% increase from the previous revision. However, in 2017, the value decreased to Rs 3,350 per sq.ft, reflecting a 33% decline. The value increased again to Rs 5,000 per sq.ft in 2023, and finally, the current value is Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Yadaval Extension 3rd Street's 2024 value below this median.

• Yadaval Extension 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 4th Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 1st 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 3rd 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 to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Yadaval Extension 3rd Street?

The Yadaval Extension 3rd Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. 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 critical factor in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Yadaval Extension 3rd Street?

The current guideline value of Yadaval Extension 3rd Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 883 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 523% over the years.

What is the stamp duty rate for properties in Yadaval Extension 3rd Street?

The stamp duty rate for properties in Yadaval Extension 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

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

Other streets in Kottur with similar guideline values include Yadaval Extension 2nd Street, Yadaval Extension 4th Street, and Yadaval Extension 1st Street, all at Rs 5,500 per sq.ft in 2024.