Guideline Value for Yamuna Street

Yamuna Street guideline value

The current guideline value of Yamuna Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Yamuna Street has changed

The guideline value for Yamuna Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, making the guideline value of Yamuna Street below this median.

• Yadhaval Street: Rs 3,300 per sq.ft (2024)
• Z Block 13th Main Road: Rs 13,100 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• 2nd Avenue: Rs 15,900 per sq.ft (2024)
• 4th Avenue: Rs 15,900 per sq.ft (2024)
• Vivekananda Street (H Block): Rs 4,400 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yamuna Street?

The Sub Registrar Office that covers Yamuna Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It helps determine the stamp duty and registration fees that need to be paid based on the property's value.

When registering a property, the guideline value is used to assess the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230%.

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

Other streets in Koyakbedu with a 2024 guideline value of Rs 3,300 per sq.ft include Yadhaval Street and West Mada Street.

How is stamp duty calculated for properties in Yamuna Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 2,31,000 based on the current guideline value.

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

The Sub Registrar Office for Yamuna Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.