Guideline Value for Yadhava Street

Yadhava Street guideline value

The current guideline value of Yadhava Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Yadhava Street has changed

The guideline value for Yadhava Street has seen several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft. This remained unchanged until the 2023 revision, where it was still Rs 250 per sq.ft, marking a 50% increase from 2017. The 2024 revision also kept the value at Rs 250 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Yadhava Street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Yadhava Street's 2024 figure below that median.

• 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 guideline value of Rs 250 per sq.ft, the total 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 together Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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 B

The guideline value is a critical factor when buying or selling property in Katrampakkam B. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property transaction occurs, the guideline value is used to assess the financial obligations involved, ensuring that both the buyer and seller are aware of the costs associated with the transfer of property ownership.

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 increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, reflecting a 50% increase overall from 2017 to 2024.

What are the other streets in Katrampakkam B?

Other streets in Katrampakkam B include Vinayagar Koil Street, Vettri Nagar, Vetrivel Nagar, Venugopal Nagar, Venkatapuri, and Thiruvalluvar Nagar, with varying guideline values.

What are the fees associated with property transactions?

Fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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.