Guideline Value for Yahiya Ali 3rd Street

Yahiya Ali 3rd Street guideline value

The current guideline value of Yahiya Ali 3rd Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Yahiya Ali 3rd Street has changed

The guideline value for Yahiya Ali 3rd Street has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. However, in 2023, the guideline value was Rs 7,000 per sq.ft, which increased to Rs 7,700 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the register does not provide any figures for the specified years. The most recent updates reflect the current valuation trends for this street, with the 2024 figure being Rs 7,700 per sq.ft.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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, placing Yahiya Ali 3rd Street's 2024 figure below that median.

• Yahiya Ali 2nd Street: Rs 7,700 per sq.ft (2024)
• Yahiya Ali 1st 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 3rd 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 to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Yahiya Ali 3rd Street?

The Sub Registrar Office that covers Yahiya Ali 3rd Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information on other offices, you can find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Yahiya Ali 3rd Street?

The current guideline value of Yahiya Ali 3rd 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 for Yahiya Ali 3rd Street has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, representing a 10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Mylapore Part 1 with similar guideline values?

Other streets in Mylapore Part 1 with the same guideline value of Rs 7,700 per sq.ft in 2024 include Yahiya Ali 1st Street, Yahiya Ali 2nd Street, and V.O.C. Street. There are also streets like West End Street and V.V.Koil Lane with higher values.

How is stamp duty calculated for properties in Yahiya Ali 3rd Street?

Stamp duty for properties in Yahiya Ali 3rd Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 77,00,000 would incur a stamp duty of Rs 5,39,000 at 7%.

Where can I find the Sub Registrar Office for Yahiya Ali 3rd Street?

The Sub Registrar Office for Yahiya Ali 3rd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more details by visiting the appropriate link.