Guideline Value for Yadavar Street Ward 11

Yadavar Street Ward 11 guideline value

The current guideline value of Yadavar Street Ward 11 is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village under the Acchirapakkam SRO, classified as Residential Special Type - I.

How the guideline value of Yadavar Street Ward 11 has changed

Over the years, the guideline value for Yadavar Street Ward 11 has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017. The 2023 revision maintained the value at Rs 400 per sq.ft, which is the same as the current 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 99%. Between 2012 and 2017, it saw a decrease of 33%. From 2007 to 2012, the value increased by 50%. Overall, the guideline value has doubled from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2024.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median guideline value is Rs 400 per sq.ft, making Yadavar Street Ward 11's current figure equal to this median.

• West Mada Street Ward 13: Rs 400 per sq.ft (2024)
• V.M. Street Ward 13: Rs 300 per sq.ft (2024)
• Venkatesapuram 5th Street Ward 1: Rs 300 per sq.ft (2024)
• Venkatesapuram 4th Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 3rd Street Ward 15: Rs 300 per sq.ft (2024)
• Venkatesapuram 2rd Street Ward 15: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Yadavar Street Ward 11

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. 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 Yadavar Street Ward 11?

The Sub Registrar Office covering Yadavar Street Ward 11 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Acharapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of Yadavar Street Ward 11?

The current guideline value of Yadavar Street Ward 11 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting an overall increase of 100% over the years.

What is the land classification for Yadavar Street Ward 11?

Yadavar Street Ward 11 is classified as Residential Special Type - I.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Yadavar Street Ward 11?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a stamp duty of Rs 28,000.