Guideline Value for Yamuna Street

Yamuna Street guideline value

The current guideline value of Yamuna Street, located in Peerklankaranai village under the Tambaram Joint 1 SRO, is Rs 1,980 per sq.ft as per the 2024 revision. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Yamuna Street has changed

Looking at the historical revisions, the guideline value for Yamuna Street has seen several changes over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,800 per sq.ft in the 2023 revision, followed by the latest revision in 2024, which raised it to Rs 1,980 per sq.ft, reflecting a 10% increase.

In summary, the guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, indicating an overall increase of 10% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Yamuna Street's 2024 guideline value above this median.

• V.O.C. Street Upto Peraringar Anna Poonga: Rs 2,200 per sq.ft (2024)
• V.O.C. Street From Peraringar Anna Poonga to Kattapomman st: Rs 2,200 per sq.ft (2024)
• V.O.C. Street From Kattapomman St to tha end: Rs 1,980 per sq.ft (2024)
• V.O.C. Street 4st cross street: Rs 1,320 per sq.ft (2024)
• V.O.C. Street 3st cross street: Rs 1,320 per sq.ft (2024)
• V.O.C. Street 2st cross street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Yamuna Street

For a 1,000 sq.ft plot on Yamuna Street at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty is charged at 7%, resulting in Rs 1,38,600, while the registration fee at 2% totals Rs 39,600. Together, the total fees amount to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value for stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps both buyers and sellers understand the financial implications of their transaction. It is essential to consider this value to avoid any potential discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 1,206 per sq.ft in 2017.

What is the land classification of Yamuna Street?

Yamuna Street falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty rates for properties on Yamuna Street?

The stamp duty for properties on Yamuna Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Yamuna Street?

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