Guideline Value for Yadhaval Street

Yadhaval Street guideline value

The current guideline value of Yadhaval Street is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Malayambakkam village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Yadhaval Street has changed

The guideline value for Yadhaval Street has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 has further raised the guideline value to Rs 935 per sq.ft, a 10% increase from 2023.

There are no recorded figures for Yadhaval Street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the 2024 guideline value of Yadhaval Street.

• V.S. Vijay Nagar: Rs 880 per sq.ft (2024)
• V.P.Nagar: Rs 935 per sq.ft (2024)
• Vlc Saravana Highway City: Rs 1,400 per sq.ft (2024)
• Vlc 7 Star Nagar: Rs 935 per sq.ft (2024)
• V.K. Avenue Extension: Rs 1,210 per sq.ft (2024)
• V.K. Avenue: Rs 935 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 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, leading to a total of Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Malayambakkam, the guideline value helps establish the stamp duty and registration fees to be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property registration. This value is referenced by the Registration Department and serves as a benchmark for 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 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Yadhaval Street?

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

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 84,150.

Where is the Sub Registrar Office for Yadhaval Street located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, covering Yadhaval Street.