Guideline Value for Yadhaval Street

Yadhaval Street guideline value

The current guideline value of Yadhaval Street is Rs 2,380 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Yadhaval Street has changed

The guideline value for Yadhaval Street has undergone several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this figure saw a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023 before reaching the current value of Rs 2,380 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 8%. The significant rise from 2007 to 2012 was 450%, followed by a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 495% from 2007 to 2024.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that have a guideline value effective in 2024, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, which means Yadhaval Street's 2024 figure is below that median.

• V.O.C 1st Street & 2nd Street: Rs 2,970 per sq.ft (2024)
• Vivek Nagar: Rs 2,970 per sq.ft (2024)
• Vivekanada Street: Rs 3,850 per sq.ft (2024)
• Vinobaji Nagar 9th Street: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 8th Street: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 7th Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Yadhaval Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,380 per sq.ft, the total guideline value would be Rs 23,80,000. The stamp duty at 7% would amount to Rs 1,66,600, and the registration fee at 2% would be Rs 47,600, bringing the total to Rs 2,14,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yadhaval Street?

The Sub Registrar Office that covers Yadhaval Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Hastinapuram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Yadhaval Street?

The current guideline value of Yadhaval Street is Rs 2,380 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 495%, rising from Rs 400 per sq.ft to the current Rs 2,380 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Yadhaval Street in 2017 was Rs 1,474 per sq.ft.

Which office handles registrations for properties in Hastinapuram?

The Pallavaram Sub Registrar Office handles the registrations for properties in Hastinapuram.

How is stamp duty calculated for properties in Yadhaval Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.