Guideline Value for Yamuna Street

Yamuna Street guideline value

The current guideline value of Yamuna Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Yamuna Street has changed

The guideline value for Yamuna Street has undergone several revisions over the years. Starting from Rs 297 per sq.ft in 2002, it saw a significant increase to Rs 1,800 per sq.ft in 2007, marking a rise of 506%. The value then changed to Rs 3,500 per sq.ft in 2012, which was a decrease of 33%. By 2017, the value rose again to Rs 2,345 per sq.ft, and then surged to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, an increase of 10% from the previous year.

It is important to note that there is no figure available for Yamuna Street in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 1196%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Yamuna Street's 2024 value below that median.

• West Side Part 1 (Alias) Venkateshwara Nagar: Rs 3,850 per sq.ft (2024)
• West Mada Veedhi: Rs 3,850 per sq.ft (2024)
• V.V. Colony (Vyravaneeswarar Colony): Rs 3,850 per sq.ft (2024)
• V.V. Colony 4th Street: Rs 3,850 per sq.ft (2024)
• V.V. Colony 3rd Street: Rs 3,850 per sq.ft (2024)
• V.V. Colony 2nd Street: Rs 3,850 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 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yamuna Street?

The Sub Registrar Office covering Yamuna Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Velachery. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used for calculating the stamp duty. This ensures that the transaction is recorded accurately and in compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Yamuna Street?

The current guideline value of Yamuna Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 297 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 1196% over this period.

What is the registration office for Yamuna Street?

The registration office for Yamuna Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

For a 1,000 sq.ft plot on Yamuna Street, the total guideline value is Rs 38,50,000. The stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

What is the land classification of Yamuna Street?

Yamuna Street is classified as Residential Class II Type - III under the Tamil Nadu land classification system.