Guideline Value for Yadhaval 2nd Street

Yadhaval 2nd Street guideline value

The current guideline value of Yadhaval 2nd 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 2nd Street has changed

The guideline value of Yadhaval 2nd Street has undergone several revisions since 2007. In 2007, the guideline value was Rs 2,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value rose again to Rs 5,000 per sq.ft in 2023, and most recently, it has been set at Rs 5,500 per sq.ft in the 2024 revision. The revisions for 2002 and 2003 do not have figures for this street.

From 2017 to 2023, there was a substantial increase of 49%, and from 2023 to 2024, the increase was 10%. The overall change from 2007 to 2024 reflects a significant rise of 175% in the guideline value.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Yadhaval 2nd Street's 2024 figure below that median.

• Yadhaval 1st 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 2nd Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Yadhaval 2nd Street?

The Sub Registrar Office covering Yadhaval 2nd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Adayar. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is properly recorded and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Yadhaval 2nd Street?

The current guideline value of Yadhaval 2nd 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, reflecting an overall increase of 175% over the years.

What are the stamp duty rates for properties in Yadhaval 2nd Street?

The stamp duty rate for properties in Yadhaval 2nd Street is 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Yadhaval 2nd Street located?

The Sub Registrar Office for Yadhaval 2nd Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Adayar?

The median guideline value in Adayar is Rs 6,100 per sq.ft, with Yadhaval 2nd Street's value being below this median at Rs 5,500 per sq.ft.