Guideline Value for Yahiya Ali 1st Street

Yahiya Ali 1st Street guideline value

The current guideline value of Yahiya Ali 1st Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Yahiya Ali 1st Street has changed

In the 2023 revision, the guideline value for Yahiya Ali 1st Street was Rs 7,000 per sq.ft. The change from 2023 to 2024 reflects an increase of 10%, bringing the current value to Rs 7,700 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Therefore, the only revisions available are from 2023 and 2024. The increase from Rs 7,000 to Rs 7,700 indicates a significant adjustment in the guideline value over this period.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, positioning Yahiya Ali 1st Street's 2024 figure below the median.

• Yahiya Ali 2nd Street: Rs 7,700 per sq.ft (2024)
• Yahiya Ali 3rd Street: Rs 7,700 per sq.ft (2024)
• West End Street: Rs 8,700 per sq.ft (2024)
• V.V.Koil Lane: Rs 8,700 per sq.ft (2024)
• V.O.C. Street: Rs 7,700 per sq.ft (2024)
• Venkatarathinam Salai: Rs 10,900 per sq.ft (2024)

Stamp duty and registration fee for property in Yahiya Ali 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Yahiya Ali 1st Street?

The Sub Registrar Office that covers Yahiya Ali 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value based on current market conditions.

When a property is sold, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Yahiya Ali 1st Street?

The current guideline value of Yahiya Ali 1st Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, marking a 10% rise. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft. Yahiya Ali 1st Street's 2024 value is below this median.

What are the stamp duty rates for properties in Yahiya Ali 1st Street?

The stamp duty for properties in Yahiya Ali 1st Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Where can I find the Sub Registrar Office for Yahiya Ali 1st Street?

The Sub Registrar Office for Yahiya Ali 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.