Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street in Thirusulam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Yadaval Street has changed

The guideline value of Yadaval Street has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, this was followed by a decrease to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, a 24% increase from the previous revision, and has now reached Rs 1,320 per sq.ft in the 2024 revision, which is a 32% increase from 2023.

It is important to note that the register has no figures for Yadaval Street for the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 guideline value, there has been a substantial increase of 560%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, making Yadaval Street's 2024 figure below that median.

• Workers Nagar 1 To 4 Streets: Rs 1,320 per sq.ft (2024)
• Workers Nagar: Rs 1,320 per sq.ft (2024)
• Voc Street Ext: Rs 1,100 per sq.ft (2024)
• Voc Street: Rs 1,100 per sq.ft (2024)
• Venkateshwara Avenue 4 Street: Rs 2,200 per sq.ft (2024)
• Venkateshwara Avenue 3 Street: Rs 2,200 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 1,320 per sq.ft, the total guideline value is Rs 13,20,000. The stamp duty at 7% amounts to Rs 92,400, while the registration fee at 2% totals Rs 26,400. Together, these fees amount to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirusulam. It is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the prevailing market conditions. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, showing an overall increase of 560% across the years.

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

Other streets in Thirusulam include Workers Nagar 1 To 4 Streets and Workers Nagar, both at Rs 1,320 per sq.ft, and Voc Street and Voc Street Ext, both at Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for Yadaval Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees amount to Rs 1,18,800.

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

The Pallavaram Sub Registrar Office covers Yadaval Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.