Guideline Value for Yashwanth Nagar 2nd Cross Street

Yashwanth Nagar 2nd Cross Street guideline value

The current guideline value of Yashwanth Nagar 2nd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Yashwanth Nagar 2nd Cross Street has changed

Looking at the revisions, the guideline value for Yashwanth Nagar 2nd Cross Street has remained stable at Rs 2,500 per sq.ft from the 2012 revision until the 2023 revision. In 2024, the value increased by 10% to Rs 2,750 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017.

From 2012 to 2024, the overall change in guideline value is +10%. The 2023 revision maintained the value at Rs 2,500 per sq.ft, indicating no change during that year.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Yashwanth Nagar 2nd Cross Street's 2024 figure above that median.

• Yashwanth Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 2nd Main Road: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 3rd Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Yashwanth Nagar 2nd Cross Street

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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yashwanth Nagar 2nd Cross Street?

The Yashwanth Nagar 2nd Cross Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives due revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is essential for both buyers and sellers to understand the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Yashwanth Nagar 2nd Cross Street?

The current guideline value of Yashwanth Nagar 2nd Cross Street 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 remained at Rs 2,500 per sq.ft from 2012 to 2023. In 2024, it increased by 10% to Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office handles registrations for this street?

The Selaiyur Sub Registrar Office handles registrations for Yashwanth Nagar 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the land classification for Yashwanth Nagar 2nd Cross Street?

The land classification for Yashwanth Nagar 2nd Cross Street is Commercial Class I Type - I.