Guideline Value for Yadawal Street

Yadawal Street guideline value

The current guideline value of Yadawal Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Yadawal Street has changed

The guideline value for Yadawal Street has undergone several revisions over the years. In 2003, the value was Rs 271 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision saw a significant jump to Rs 1,072 per sq.ft, followed by another increase to Rs 1,600 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,760 per sq.ft. The register has no figures for the years 2002 and 2012.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% rise from 2017 to 2023, a substantial 257% increase from 2007 to 2017, and an 11% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 549%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Yadawal Street's 2024 figure below the median.

• Yadhaval Street Lane: Rs 1,320 per sq.ft (2024)
• West Ratha Veethi: Rs 1,760 per sq.ft (2024)
• 200 Feet Road (Byepass Road): Rs 2,310 per sq.ft (2024)
• 30 feet Road / Balaji Nagar: Rs 2,350 per sq.ft (2024)
• VOC Street: Rs 1,760 per sq.ft (2024)
• VOC Nagar 2nd Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Yadawal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. Please note that 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 information.

Which Sub Registrar Office covers Yadawal Street?

The Sub Registrar Office that covers Yadawal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is essential for property transactions in Anakaputhur, as it determines the base value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price, ensuring that the appropriate fees are paid to the registration office.

Frequently asked questions

What is the current guideline value of Yadawal Street?

The current guideline value of Yadawal Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 271 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 549% across the years.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Yadawal Street?

The Pammal Sub Registrar Office handles property registrations for Yadawal Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the base value for calculating stamp duty and registration fees during property transactions. It ensures that the appropriate fees are paid based on the higher of the guideline value or the sale price.