Guideline Value for Yadhava Street

Yadhava Street guideline value

The current guideline value of Yadhava Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO and is classified as Residential Class II Type - II.

How the guideline value of Yadhava Street has changed

The guideline value for Yadhava Street has seen significant changes over the years. In the 2002 revision, the value was Rs 485 per sq.ft. This figure increased to Rs 1,150 per sq.ft in 2007, marking a substantial rise of 137%. The 2012 revision saw the value remain at Rs 4,000 per sq.ft, but it then dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The value rebounded to Rs 4,000 per sq.ft in the 2023 revision, followed by the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Notably, there is no figure available for Yadhava Street in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 807%.

Guideline values in Aminjikarai

Aminjikarai village features 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Yadhava Street.

• West Arasamaram Street: Rs 4,400 per sq.ft (2024)
• V.S. Puram: Rs 3,300 per sq.ft (2024)
• Vinai Theertha Vinayagar Street: Rs 4,400 per sq.ft (2024)
• Venkataswamy Puram Street 1 to 10: Rs 3,300 per sq.ft (2024)
• Venkatasamy Puram puram: Rs 3,300 per sq.ft (2024)
• Vellalar Street: Rs 5,500 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 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the 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 covering Yadhava Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Aminjikarai. It serves as a reference point for determining the minimum price at which a property can be registered, ensuring that all transactions are conducted at a fair value as per government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Yadhava Street?

The current guideline value of Yadhava Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 485 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various revisions in between showing increases and decreases.

What is the median guideline value for streets in Aminjikarai?

The median guideline value for the 99 streets in Aminjikarai under the AnnaNagar SRO is Rs 4,400 per sq.ft, which is the same as the current value for Yadhava Street.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000 for these fees.

Where is the Sub Registrar Office for Yadhava Street located?

The Sub Registrar Office for Yadhava Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.