Guideline Value for Yashwanth Nagar Main Road
₹2750/sq.ft.
The guideline value for Yashwanth Nagar Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madambakkam
Village
Selaiyur
SRO
Commercial Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2750 /sq.ft. |
| From 1-4-2023 | ₹2500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1675 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Yashwanth Nagar Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Yashwanth Nagar Main Road guideline value
The current guideline value of Yashwanth Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.
How the guideline value of Yashwanth Nagar Main Road has changed
The guideline value for Yashwanth Nagar Main Road has seen several revisions over the years. The figures began at Rs 2,500 per sq.ft in 2012, decreased to Rs 1,675 per sq.ft in 2017, and then rose to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.
Between the revisions, significant changes occurred: from 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.
Guideline values in Madambakkam
In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Yashwanth Nagar Main Road's 2024 figure is above this median.
- Yashwanth Nagar - Extn: Rs 2,750 per sq.ft (2024)
- Yashwanth Nagar -Padmavathy Nagar Link Road: Rs 2,750 per sq.ft (2024)
- Yashwanth Nagar Extension Main Road: Rs 2,750 per sq.ft (2024)
- Yashwanth Nagar West Main Road: Rs 2,750 per sq.ft (2024)
- Yashwanth Nagar Extension 3rd Street: Rs 2,750 per sq.ft (2024)
- Yashwanth Nagar Extension 2nd Street: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Yashwanth Nagar Main Road
For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Yashwanth Nagar Main Road?
The Yashwanth Nagar Main Road falls under the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam
The guideline value is a crucial factor in property transactions in Madambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.
When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.
Frequently asked questions
What is the current guideline value of Yashwanth Nagar Main Road?
The current guideline value of Yashwanth Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.
What is the land classification for Yashwanth Nagar Main Road?
Yashwanth Nagar Main Road is classified as Commercial Class I Type - I.
Where can I find the Selaiyur Sub Registrar Office?
The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
How is stamp duty calculated for properties in Yashwanth Nagar Main Road?
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 at the current guideline value results in a total stamp duty of Rs 1,92,500.
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