Guideline Value for Yagasalai Mandapam Street

Yagasalai Mandapam Street guideline value

The current guideline value of Yagasalai Mandapam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - I.

How the guideline value of Yagasalai Mandapam Street has changed

The guideline value for Yagasalai Mandapam Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. Yagasalai Mandapam Street's 2024 figure is notably above this median.

• Yathothakari Vadavandai Mada Veethi: Rs 1,650 per sq.ft (2024)
• Vazhamunusamy Nagar: Rs 880 per sq.ft (2024)
• Varaguvasarl Street @ C.N.Annadurai Street: Rs 1,650 per sq.ft (2024)
• Varadharajapuram Street: Rs 880 per sq.ft (2024)
• Vaniyar Street @ Chairman Sambasivam Street: Rs 1,650 per sq.ft (2024)
• Vagavathi Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Yagasalai Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total costs to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Yagasalai Mandapam Street?

The Sub Registrar Office that covers Yagasalai Mandapam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with the prevailing market norms.

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

Frequently asked questions

What is the current guideline value of Yagasalai Mandapam Street?

The current guideline value of Yagasalai Mandapam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% over the 12-year period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 16,50,000, the stamp duty is Rs 1,15,500 and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers this street?

The Kanchipuram Joint IV Sub Registrar Office covers Yagasalai Mandapam Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Yagasalai Mandapam Street?

Yagasalai Mandapam Street is classified as Residential Class I Type - I, indicating its suitability for residential development.