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 Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Yadhaval street has changed

The guideline value for Yadhaval street has seen several revisions over the years. In 2002, the value was Rs 310 per sq.ft, which increased to Rs 490 per sq.ft in 2003, marking a rise of 58%. The value then experienced a significant jump to Rs 900 per sq.ft in 2007, reflecting an increase of 84%. Following this, it surged to Rs 3,500 per sq.ft in 2012, an increase of 289%. However, by 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 1,158%. The register does not have figures for the years between these revisions.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Yadhaval street.

• Yadhaval Lane: Rs 3,900 per sq.ft (2024)
• Yamuna Street: Rs 3,900 per sq.ft (2024)
• West velalar street: Rs 5,000 per sq.ft (2024)
• Yerikkarai Road Main: Rs 5,000 per sq.ft (2024)
• Yerikkarai Street (Main): Rs 5,000 per sq.ft (2024)
• West Karikalan Street: 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 would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, 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 Adambakkam

The guideline value is a crucial factor when buying or selling property in Adambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. This helps maintain transparency and accountability in property dealings within the region.

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?

The guideline value has changed from Rs 310 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1,158% over the years.

What is the stamp duty rate for properties in Yadhaval street?

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

Where is the Sub Registrar Office for Yadhaval street located?

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

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam with a guideline value of Rs 3,900 per sq.ft include Yadhaval Lane, Yamuna Street, and West Karikalan Street.