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 the 2024 revision. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Yahiya Ali 1st Street has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 7,000 per sq.ft, which increased to Rs 7,700 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, the register does not provide any figures for the street. The 2024 revision reflects the latest valuation, indicating a significant adjustment in the guideline value.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, making the guideline value of Yahiya Ali 1st Street below this 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 would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees together to Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Yahiya Ali 1st Street?

The Sub Registrar Office covering Yahiya Ali 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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 the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Yahiya Ali 1st Street has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, which is an increase of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft. Yahiya Ali 1st Street's guideline value is below this median.

What are the stamp duty and registration fees for properties in Yahiya Ali 1st Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 6,93,000.

Which office handles the registration for Yahiya Ali 1st Street?

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