Guideline Value for Yamuna Street

Yamuna Street guideline value

The current guideline value of Yamuna Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Yamuna Street has changed

The guideline value for Yamuna Street has undergone several revisions over the years. In the 2002 revision, the guideline value was Rs 282 per sq.ft. This increased to Rs 322 per sq.ft in 2003, marking a 14% rise. The value saw significant growth in the following years, reaching Rs 900 per sq.ft in 2007, which was an increase of 180%. However, the value dropped to Rs 3,500 per sq.ft in the 2012 revision, reflecting a decrease of 33%. The value then rose to Rs 2,345 per sq.ft in 2017, which was a 49% increase, before reaching Rs 3,500 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1283%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, which is equal to the current figure for Yamuna Street.

• Yadhaval street: Rs 3,900 per sq.ft (2024)
• Yadhaval Lane: Rs 3,900 per sq.ft (2024)
• Yerikkarai Road Main: Rs 5,000 per sq.ft (2024)
• Yerikkarai Street (Main): Rs 5,000 per sq.ft (2024)
• West velalar street: Rs 5,000 per sq.ft (2024)
• West Karikalan Street: Rs 3,900 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 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. Therefore, it is essential for both parties to understand the guideline value to ensure compliance with local regulations and to accurately assess the financial implications of their transaction.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 282 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1283% over this period.

What is the stamp duty rate for property transactions in Yamuna Street?

The stamp duty rate for property transactions in Yamuna Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Yamuna Street located?

The Sub Registrar Office for Yamuna Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam with a guideline value of Rs 3,900 per sq.ft include Yadhaval street, Yadhaval Lane, and West Karikalan Street, among others.