Guideline Value for Yadhaval Street

Yadhaval Street guideline value

The current guideline value for Yadhaval Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Yadhaval Street has changed

Since the 2007 revision, the guideline value has experienced significant changes. The value was Rs 1,300 per sq.ft in 2007, which increased to Rs 3,000 per sq.ft in 2012, marking a 131% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, showing a 10% increase from the previous year.

In total, from 2007 to 2024, the overall increase in the guideline value for Yadhaval Street is 154%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which means Yadhaval Street's 2024 figure is below this median.

• Yamuna Street: Rs 3,300 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• Z Block 13th Main Road: Rs 13,100 per sq.ft (2024)
• 2nd Avenue: Rs 15,900 per sq.ft (2024)
• 4th Avenue: Rs 15,900 per sq.ft (2024)
• Vivekananda Street (H Block): Rs 4,400 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty is charged at 7%, amounting to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yadhaval Street?

The Sub Registrar Office that covers Yadhaval Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical reference point when buying or selling property in Koyakbedu. It determines the minimum price at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Yadhaval Street?

The current guideline value for Yadhaval Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 154%.

What are the stamp duty rates for property transactions in Yadhaval Street?

The stamp duty for property transactions in Yadhaval Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Yadhaval Street?

The AnnaNagar Sub Registrar Office handles property registrations for Yadhaval Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Koyakbedu?

The median guideline value for streets in Koyakbedu is Rs 4,400 per sq.ft, with Yadhaval Street's current value being below this median.