Guideline Value for Yadhaval Street

Yadhaval Street guideline value

The current guideline value of Yadhaval Street, located in Zaminpallavaram village, is Rs 2,160 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class III 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 2003, the value was Rs 168 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +257%. The value remained stable at Rs 2,000 per sq.ft in both the 2012 and 2023 revisions, indicating no change during that period. The latest revision in 2024 saw an increase to Rs 2,160 per sq.ft, reflecting an 8% rise from the previous year.

There are no figures available for the revisions in 2002 and 2017 for Yadhaval Street. Overall, from 2003 to 2024, the guideline value has increased by +1186%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, where the median value is Rs 3,300 per sq.ft. Yadhaval Street's current guideline value is below this median.

• Yadhaval Street: Rs 2,160 per sq.ft (2024)
• Works Road: Rs 2,750 per sq.ft (2024)
• West Pudhuvai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar: Rs 3,300 per sq.ft (2024)
• Zamindhar Lane: Rs 3,520 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 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. 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 further calculations.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of 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 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 168 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification of Yadhaval Street?

Yadhaval Street is classified as Residential Class III Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 21,60,000, with stamp duty at Rs 1,51,200 and registration fee at Rs 43,200, totaling Rs 1,94,400.

Which office handles the registration for properties in Yadhaval Street?

The Pallavaram Sub Registrar Office is responsible for handling registrations for properties in Yadhaval Street.