Guideline Value for Yadhaval Street

Yadhaval Street guideline value

The current guideline value of Yadhaval Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Yadhaval Street has changed

Over the years, the guideline value for Yadhaval Street has seen several revisions. The 2007 revision set the value at Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 180%. However, the value decreased to Rs 2,345 per sq.ft in the 2017 revision, a drop of 33%. The guideline value then rose sharply to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,900 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

It is important to note that there are no figures available in the register for the years 2002 and 2003 for Yadhaval Street. Overall, from 2007 to 2024, the guideline value has increased by 212%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the 2024 guideline value of Yadhaval Street.

• Yellamuthamman Koil Lane: Rs 3,300 per sq.ft (2024)
• Yellamuthamman Koil Street: Rs 3,900 per sq.ft (2024)
• West Side Nehru Main Road: Rs 3,300 per sq.ft (2024)
• Venkatachalam Street: Rs 3,900 per sq.ft (2024)
• Vempuli Amman Koil Street: Rs 3,900 per sq.ft (2024)
• Vembuliamman Koil Extension: Rs 3,900 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 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty is charged at 7%, resulting in Rs 2,73,000, and the registration fee is charged at 2%, amounting to Rs 78,000. Together, the total cost for these fees would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yadhaval Street?

The Sub Registrar Office that covers Yadhaval Street 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 Palavanthangal

The guideline value plays a crucial role in property transactions in Palavanthangal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price, and the fees will be calculated based on the higher of the two.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yadhaval Street?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,250 per sq.ft to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212%.

What is the land classification of Yadhaval Street?

Yadhaval Street is classified as Residential Class I Type - III under the Alandur SRO.

Where can I find the Sub Registrar Office for Yadhaval Street?

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

How is the stamp duty calculated for properties in Yadhaval Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would amount to Rs 2,73,000.