Guideline Value for Yadhaval 3rd Street

Yadhaval 3rd Street guideline value

The current guideline value of Yadhaval 3rd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Adayar village under the Adayar SRO, classified as Residential Class IV Type - I.

How the guideline value of Yadhaval 3rd Street has changed

The guideline value for Yadhaval 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, this figure saw a decrease of 33% to Rs 3,350 per sq.ft in the 2017 revision. The 2023 revision raised the value significantly to Rs 5,000 per sq.ft, and the most recent 2024 revision increased it further to Rs 5,500 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. The guideline value for Yadhaval 3rd Street is below this median.

• Yadhaval 2nd Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 4th Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 1st 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 3rd 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Yadhaval 3rd Street?

The Yadhaval 3rd Street falls under 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 when registering property transactions in Adayar. It serves as a benchmark for determining the minimum value on which stamp duty is calculated, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in assessing the appropriate stamp duty and registration fees, which are mandatory for legal documentation. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Yadhaval 3rd Street?

The current guideline value of Yadhaval 3rd 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 increased 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 is the stamp duty rate for properties in Yadhaval 3rd Street?

The stamp duty rate for properties in Yadhaval 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Yadhaval 3rd Street?

The Sub Registrar Office covering Yadhaval 3rd Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value determined for properties in Adayar?

The guideline value for properties in Adayar is determined by the Registration Department's guideline value register, which is revised periodically based on various factors.