Guideline Value for Yadaval Extension 4th Street

Yadaval Extension 4th Street guideline value

The current guideline value of Yadaval Extension 4th 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 4th Street has changed

The guideline value for Yadaval Extension 4th Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 883 per sq.ft. It increased significantly to Rs 2,500 per sq.ft in 2007, followed by a substantial rise to Rs 5,000 per sq.ft in 2012. However, there was a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision.

In terms of percentage changes, from 2003 to 2007, the value increased by 183%. Between 2007 and 2012, it saw a decline of 33%. From 2012 to 2017, the value again rose by 49%, and then increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 523% from 2003 to 2024. The register has no figure for this street for the year 2002.

Guideline values in Kottur

Kottur village has a total of 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 for Yadaval Extension 4th Street is below this median.

• Yadaval Extension 3rd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Street: Rs 6,600 per sq.ft (2024)
• Yadaval Extension 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 1st Street: Rs 5,500 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be 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 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 further calculations.

Which Sub Registrar Office covers Yadaval Extension 4th Street?

The Sub Registrar Office that covers Yadaval Extension 4th Street is 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 critical factor when buying or selling property in Kottur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to 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 based on the property's value.

Frequently asked questions

What is the current guideline value of Yadaval Extension 4th Street?

The current guideline value of Yadaval Extension 4th 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 this period.

What is the land classification for Yadaval Extension 4th Street?

The land classification for Yadaval Extension 4th Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Yadaval Extension 4th Street?

The Sub Registrar Office for Yadaval Extension 4th Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 55,00,000, the stamp duty would be calculated on this amount.