Guideline Value for Yadaval Street Mayana Road

Yadaval Street Mayana Road guideline value

The current guideline value for Yadaval Street Mayana Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Yadaval Street Mayana Road has changed

The guideline value for Yadaval Street Mayana Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 938 per sq.ft. The guideline value then increased to Rs 1,400 per sq.ft in 2012, and subsequently rose to Rs 1,540 per sq.ft in the 2024 revision, marking a 10% increase from the 2023 revision which was Rs 1,400 per sq.ft.

From 2017 to 2023, the value increased by 49%. The 2024 revision's value is equal to the median guideline value of Rs 1,540 per sq.ft for the 178 streets in Thiruverkadu under the Kunrathur SRO. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu village, there are 178 streets under the Kunrathur SRO with 2024 guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is the same as the guideline value for Yadaval Street Mayana Road.

• Yadaval Street: Rs 1,540 per sq.ft (2024)
• V.G.N. Temple Town: Rs 1,760 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,540 per sq.ft (2024)
• Vedhapureeshwarar Koil Street: Rs 1,540 per sq.ft (2024)
• Vedhapureeshwarar Cross Koil Street: Rs 1,540 per sq.ft (2024)
• Udhaumkarangal Main Road: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Yadaval Street Mayana Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. 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 Street Mayana Road?

The Yadaval Street Mayana Road falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruverkadu, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions and helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value for Yadaval Street Mayana Road?

The current guideline value for Yadaval Street Mayana Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a 10% increase. It was Rs 938 per sq.ft in 2017 and Rs 1,400 in 2012, showing a significant increase over the years.

Where can I find the registration office for Yadaval Street Mayana Road?

The registration office for Yadaval Street Mayana Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Thiruverkadu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 at a rate of 7%.

What is the land classification for Yadaval Street Mayana Road?

Yadaval Street Mayana Road is classified as Residential Class I Type - I, indicating that it is primarily designated for residential use.