Guideline Value for Yadaval Street

Yadaval Street guideline value

The current guideline value of Yadaval Street in Thiruverkadu village, under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Yadaval Street has changed

The guideline value for Yadaval Street has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a rise of 460%. However, by 2017, the value dropped to Rs 938 per sq.ft, a decrease of 33%. The value then increased to Rs 1,400 per sq.ft in 2023, and subsequently rose to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 516%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thiruverkadu

Thiruverkadu village has a total of 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Yadaval Street.

• Yadaval Street Mayana Road: Rs 1,540 per sq.ft (2024)
• V.G.N. Temple Town: Rs 1,760 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,540 per sq.ft (2024)
• Vedhapureeshwarar Koil Street: Rs 1,540 per sq.ft (2024)
• Vedhapureeshwarar Cross Koil Street: Rs 1,540 per sq.ft (2024)
• Udhaumkarangal Main Road: Rs 1,760 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty, calculated at 7%, would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yadaval Street?

The Yadaval Street is covered by 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 Thiruverkadu

The guideline value plays a crucial role during property registration in Thiruverkadu. It is used to determine the stamp duty and registration fees that need to be paid at the time of property transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that all transactions are conducted fairly and transparently, based on the established values in the region.

Frequently asked questions

What is the current guideline value of Yadaval Street?

The current guideline value of Yadaval Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 516% over the years.

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

Other streets in Thiruverkadu with a guideline value of Rs 1,540 per sq.ft include Yadaval Street Mayana Road, Venkatesan Nagar, Vedhapureeshwarar Koil Street, and Vedhapureeshwarar Cross Koil Street.

Where is the Kunrathur Sub Registrar Office located?

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

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

The stamp duty for properties in Yadaval Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,07,800.