Guideline Value for Yadavar street

Yadavar street guideline value

The current guideline value of Yadavar street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Yadavar street has changed

The guideline value for Yadavar street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for Yadavar street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value for Yadavar street.

• Yogalakshmi nagar: Rs 2,200 per sq.ft (2024)
• Yogavalli nagar: Rs 2,200 per sq.ft (2024)
• VPV Avenue: Rs 2,200 per sq.ft (2024)
• VPS Avenue: Rs 2,200 per sq.ft (2024)
• VPR Avenue: Rs 2,200 per sq.ft (2024)
• Viswanathan nagar MS: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Yadavar street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yadavar street?

The Sub Registrar Office that covers Yadavar street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal transactions in the area.

Frequently asked questions

What is the current guideline value of Yadavar street?

The current guideline value of Yadavar street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates for properties in Yadavar street?

The stamp duty rate for properties in Yadavar street is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Yadavar street located?

The Sub Registrar Office for Yadavar street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Yadavar street?

Yadavar street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.