Guideline Value for Yadhava Street

Yadhava Street guideline value

The current guideline value of Yadhava Street in Katrampakkam village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Yadhava Street has changed

The guideline value for Yadhava Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. However, in the 2017 revision, the value had previously been Rs 167 per sq.ft, marking a 50% increase from that year to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

With the 2024 revision, the guideline value remains at Rs 250 per sq.ft, reflecting a 0% change from the previous year. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, maintaining a consistent figure of Rs 250 per sq.ft.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Yadhava Street.

• Vinayagar Koil Street: Rs 300 per sq.ft (2024)
• Vettri Nagar: Rs 250 per sq.ft (2024)
• Vetrivel Nagar: Rs 250 per sq.ft (2024)
• Venugopal Nagar: Rs 250 per sq.ft (2024)
• Venkatapuri: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Yadhava Street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. It is important to 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 information.

Which Sub Registrar Office covers Yadhava Street?

The Sub Registrar Office that covers Yadhava Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Katrampakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers need to pay when purchasing a property.

When selling a property, the guideline value helps in determining the minimum price at which the property can be sold to ensure that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yadhava Street?

The current guideline value of Yadhava Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2012 revision, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Yadhava Street?

Yadhava Street is classified as Residential Class III Type - I, indicating its designation for residential use.

Where is the Sub Registrar Office for Yadhava Street located?

The Sub Registrar Office for Yadhava Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at 7%.