Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street in Kottur village, under the Adayar SRO, is Rs 6,600 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 several revisions over the years. In 2002, the guideline value was Rs 467 per sq.ft, which increased to Rs 504 per sq.ft in 2003. The value then rose significantly to Rs 2,500 per sq.ft in 2007, followed by a decrease to Rs 6,000 per sq.ft in 2012. The value further decreased to Rs 4,020 per sq.ft in 2017 before climbing to Rs 6,000 per sq.ft in 2023, and finally reaching Rs 6,600 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is +1313%. The most significant jump occurred from 2003 to 2007, with an increase of +396%. The value decreased by -33% from 2012 to 2017, while it increased by +10% from 2023 to 2024.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, and Yadaval Street's 2024 figure of Rs 6,600 per sq.ft is above this median.

• Yadaval Extension 4th Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 3rd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadaval Extension 1st Street: Rs 5,500 per sq.ft (2024)
• Yerikkarai Street: Rs 5,000 per sq.ft (2024)
• Valliyammai Achi Road: Rs 11,000 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 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yadaval Street?

The Sub Registrar Office that covers Yadaval Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps maintain transparency in property transactions and ensures that the state receives the appropriate revenue from property transfers.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 467 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +1313% over the years.

What is the median guideline value in Kottur?

The median guideline value for the 114 streets in Kottur is Rs 6,100 per sq.ft, with Yadaval Street's value being above this median.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.