Guideline Value for Yadhaval Street (ward 3)

Yadhaval Street (ward 3) guideline value

The current guideline value of Yadhaval Street (ward 3) is Rs 1,100 per sq.ft. This street is located in Erandankattalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Yadhaval Street (ward 3) has changed

The guideline value for Yadhaval Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 regarding this street.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Yadhaval Street (ward 3).

• Vasantham Nagar: Rs 1,100 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 1,100 per sq.ft (2024)
• Sri Ram Avenue: Rs 1,100 per sq.ft (2024)
• Sri Raghavendra Nagar Extn: Rs 1,100 per sq.ft (2024)
• Sri Raghavendra Nagar: Rs 1,100 per sq.ft (2024)
• Srinivasa Perumal Koil Street (ward 6): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Yadhaval Street (ward 3)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 details.

Which Sub Registrar Office covers Yadhaval Street (ward 3)?

The Sub Registrar Office that covers Yadhaval Street (ward 3) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Erandankattalai. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value will be considered to determine the applicable duties. Buyers should be aware that the charges will be based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Yadhaval Street (ward 3)?

The current guideline value of Yadhaval Street (ward 3) is Rs 1,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over these years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Yadhaval Street (ward 3), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Erandankattalai?

Yes, several other streets in Erandankattalai also have the same guideline value of Rs 1,100 per sq.ft as of 2024, including Vasantham Nagar and Sri Venkateswara Nagar.