Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street in Zaminpallavaram village is Rs 2,160 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 for Yadaval Street has seen several revisions over the years. In 2003, the value was Rs 168 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 257%. The value then jumped to Rs 2,000 per sq.ft in 2012, a remarkable increase of 233%. However, it decreased to Rs 1,340 per sq.ft in 2017, reflecting a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, followed by an increase to Rs 2,160 per sq.ft in 2024, which is an 8% rise.

Overall, from 2003 to 2024, the guideline value has increased by 1186%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Yadaval Street's 2024 figure below this median.

• Works Road: Rs 2,750 per sq.ft (2024)
• Yadhaval Street: Rs 2,160 per sq.ft (2024)
• West Pudhuvai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar: Rs 3,300 per sq.ft (2024)
• Zamindhar Lane: Rs 3,520 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 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fees would be Rs 1,94,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

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 Zaminpallavaram

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process. The guideline value ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees. This practice helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 168 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, showing an overall increase of 1186% over the years.

What is the land classification for Yadaval Street?

Yadaval Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Where is the Sub Registrar Office for Yadaval Street located?

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