Guideline Value for Yadhaval 1st Street

Yadhaval 1st Street guideline value

The current guideline value of Yadhaval 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Yadhaval 1st Street has changed

The guideline value for Yadhaval 1st Street has undergone several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a significant rise of 150%. However, in 2017, the value dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The value then climbed to Rs 5,000 per sq.ft in 2023, and further increased to the current rate of Rs 5,500 per sq.ft in 2024, which is a rise of 10%.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Yadhaval 1st Street. Overall, the guideline value has increased by 175% from 2007 to 2024.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as of 2024. The median guideline value is Rs 6,100 per sq.ft, indicating that Yadhaval 1st Street's current value is below this median.

• Yadhaval 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 3rd Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 4th Street: Rs 5,500 per sq.ft (2024)
• Yadhaval Street: Rs 6,600 per sq.ft (2024)
• Yerikkarai Street: Rs 6,100 per sq.ft (2024)
• Vellaiyan Road: Rs 10,500 per sq.ft (2024)

Stamp duty and registration fee for property in Yadhaval 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Yadhaval 1st Street?

The Sub Registrar Office that covers Yadhaval 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Adayar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Yadhaval 1st Street?

The current guideline value of Yadhaval 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 175%.

What are the stamp duty and registration fees for a property in Yadhaval 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000. The stamp duty is Rs 3,85,000 and the registration fee is Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Yadhaval 1st Street?

The Adayar Sub Registrar Office covers Yadhaval 1st Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value for streets in Adayar?

The median guideline value for streets in Adayar is Rs 6,100 per sq.ft, indicating that Yadhaval 1st Street's current value is below this median.