Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street in Kadaperi village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Yadaval Street has changed

Over the years, the guideline value of Yadaval Street has seen several revisions. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 2,750 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the increase was 49%, and from 2023 to 2024, there was a further increase of 10%. Notably, the overall change from 2007 to 2024 reflects a substantial increase of 175% in the guideline value.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Yadaval Street's 2024 figure above this median.

• V.V. Koil Street Kamaraj Nagar South: Rs 1,320 per sq.ft (2024)
• VV Koil Street: Rs 1,320 per sq.ft (2024)
• V.O. Chidambaram Pillai Street: Rs 1,650 per sq.ft (2024)
• Valluvar Gurukulam South Street: Rs 1,650 per sq.ft (2024)
• Vaigai Street: Rs 1,100 per sq.ft (2024)
• T.P. Sanatorium Ist Main Road: Rs 1,650 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 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, calculated at 7%, would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the 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 Yadaval Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a crucial factor during property registration in Kadaperi. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Yadaval Street?

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

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

The Sub Registrar Office covering Yadaval Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How do I calculate the stamp duty and registration fees for property in Yadaval Street?

To calculate the stamp duty and registration fees, you can use the guideline value. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, with a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.