Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street, located in Porur village under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. The land classification for this street is Mixed Special Type - II.

How the guideline value of Yadaval Street has changed

The guideline value for Yadaval Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,900 per sq.ft, which was followed by a decrease to Rs 2,613 per sq.ft in the 2017 revision. However, this was followed by a significant increase to Rs 3,900 per sq.ft in 2023, and then a further increase to Rs 4,290 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the current 2024 figure reflects a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, making Yadaval Street's 2024 figure above that median.

• Wireless Station Road: Rs 3,960 per sq.ft (2024)
• Wireless Station Cross Street: Rs 3,960 per sq.ft (2024)
• Welcome Nagar Main Road: Rs 3,960 per sq.ft (2024)
• Welcome Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Welcome Nagar 3rd Street: Rs 3,960 per sq.ft (2024)
• Welcome Nagar 2nd Street: Rs 3,960 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 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is consistent and transparent.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,290 per sq.ft in 2024.

What is the land classification for Yadaval Street?

The land classification for Yadaval Street is Mixed Special Type - II.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Yadaval Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,00,300.