Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street, located in Cantonment Pallavaram village under the Pallavaram SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Yadaval Street has changed

The guideline value for Yadaval Street has seen significant changes over the years. In the 2003 revision, the value was Rs 151 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following that, the value surged to Rs 2,500 per sq.ft in 2012, then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest 2024 revision has raised it to Rs 2,700 per sq.ft.

Examining the changes between revisions, the value increased by 99% from 2003 to 2007, followed by a remarkable increase of 733% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was an increase of 8% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has risen by 1,688%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which aligns with the guideline value of Yadaval Street for 2024.

• Xavier Street: Rs 2,200 per sq.ft (2024)
• Veterin Lane: Rs 4,400 per sq.ft (2024)
• Venkatachala Naicken Street: Rs 2,200 per sq.ft (2024)
• Venkatachalam Street: Rs 3,300 per sq.ft (2024)
• Valluvar Street: Rs 2,700 per sq.ft (2024)
• Tennary Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Yadaval Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Yadaval Street?

The Sub Registrar Office that covers Yadaval Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Cantonment Pallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value must be considered as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 151 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 1,688%.

What is the land classification of Yadaval Street?

Yadaval Street is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

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 27,00,000, the stamp duty would be 7% of that amount.