Guideline Value for Yadhaval 4th Street

Yadhaval 4th Street guideline value

The current guideline value of Yadhaval 4th 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 falls under Residential Class IV Type - I land classification.

How the guideline value of Yadhaval 4th Street has changed

The guideline value for Yadhaval 4th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 2,000 per sq.ft. This increased to Rs 5,000 per sq.ft in 2012, which was a 150% rise. However, it then decreased to Rs 3,350 per sq.ft in 2017, marking a decline of 33%. Following this, the value saw a significant increase to Rs 5,000 per sq.ft in 2023, and then further to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for Yadhaval 4th Street. Overall, from 2007 to 2024, the guideline value has increased by 175%, showcasing a substantial rise over the years.

Guideline values in Adayar

Adayar village has 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 in this area is Rs 6,100 per sq.ft, placing Yadhaval 4th Street's current figure below that median.

• Yadhaval 3rd Street: Rs 5,500 per sq.ft (2024)
• Yadhaval 2nd 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 4th 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, bringing the total to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Yadhaval 4th Street?

The Sub Registrar Office that covers Yadhaval 4th 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 in property transactions within Adayar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Yadhaval 4th Street?

The current guideline value of Yadhaval 4th 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 a total increase of 175% over the years.

What is the median guideline value in Adayar?

The median guideline value in Adayar is Rs 6,100 per sq.ft, which is above the current guideline value for Yadhaval 4th Street.

What are the stamp duty rates for property in Yadhaval 4th Street?

The stamp duty for property in Yadhaval 4th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.