Guideline Value for Yadhaval Lane

Yadhaval Lane guideline value

The current guideline value of Yadhaval Lane, located in Adambakkam village under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Yadhaval Lane has changed

The guideline value for Yadhaval Lane has seen several revisions over the years. Starting from Rs 215 per sq.ft in 2002, it increased to Rs 245 per sq.ft in 2003. The value then rose significantly to Rs 900 per sq.ft in 2007, followed by a substantial jump to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,714%. The register has no figures for the years not mentioned in this context.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO, with guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, which is equal to the current value of Yadhaval Lane.

• Yadhaval street: Rs 3,900 per sq.ft (2024)
• Yamuna Street: Rs 3,900 per sq.ft (2024)
• West velalar street: Rs 5,000 per sq.ft (2024)
• Yerikkarai Road Main: Rs 5,000 per sq.ft (2024)
• Yerikkarai Street (Main): Rs 5,000 per sq.ft (2024)
• West Karikalan Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Yadhaval Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yadhaval Lane?

The Sub Registrar Office that covers Yadhaval Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price. The higher of the two amounts is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Yadhaval Lane?

The current guideline value of Yadhaval Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 215 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1,714% over this period.

What is the land classification of Yadhaval Lane?

Yadhaval Lane is classified as Residential Class I Type - III under the current guidelines.

What are the stamp duty and registration fees for a property in Yadhaval Lane?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office is responsible for Yadhaval Lane?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, is responsible for Yadhaval Lane.