Guideline Value for Yamuna Street

Yamuna Street guideline value

The current guideline value of Yamuna Street in Irumpuliyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Yamuna Street has changed

Yamuna Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 650 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a growth of 208%. However, it decreased to Rs 1,340 per sq.ft in 2017, representing a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and most recently, it has been set at Rs 2,200 per sq.ft in the 2024 revision, reflecting an increase of 10% from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for Yamuna Street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Yamuna Street.

• Yathaval Street: Rs 2,530 per sq.ft (2024)
• Vvs Iyer Street: Rs 2,530 per sq.ft (2024)
• Viyasar Street: Rs 1,320 per sq.ft (2024)
• Vivekanandan Street (Vallalar Street): Rs 2,530 per sq.ft (2024)
• Vivakanantha Street: Rs 2,530 per sq.ft (2024)
• Vijayarengan Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Yamuna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Yamuna Street?

The Sub Registrar Office that covers Yamuna Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Ensuring that the sale price meets or exceeds the guideline value is important for a smooth registration process.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What are the stamp duty and registration fees for property in Yamuna Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Yamuna Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Yamuna Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Yamuna Street?

Yamuna Street is classified as Residential Special Type - II under the guideline value register.