Guideline Value

Corporate

Guideline Value for Yashwanth Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Yashwanth Nagar 2nd Street 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 N/A
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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Yashwanth Nagar 2nd Street

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Yashwanth Nagar 2nd Street guideline value

The current guideline value of Yashwanth Nagar 2nd 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 Street has changed

The guideline value for Yashwanth Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 2,500 per sq.ft. The 2012 revision also recorded Rs 2,500 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam village, 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. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Yashwanth Nagar 2nd Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Yashwanth Nagar 2nd Street?

The Sub Registrar Office covering Yashwanth Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, under 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 plays a crucial role in property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone looking to buy or sell property in the area. It ensures that all parties are aware of the financial implications involved in the transaction and helps in maintaining transparency during the registration process.

Frequently asked questions

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

The current guideline value of Yashwanth Nagar 2nd 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 for Yashwanth Nagar 2nd Street has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, which is a 10% increase. There was no change from 2012 to 2023, as the value remained Rs 2,500 per sq.ft.

What are the other streets in Madambakkam with the same guideline value?

Several other streets in Madambakkam have the same guideline value of Rs 2,750 per sq.ft for 2024, including Yashwanth Nagar 2nd Main Road, Yashwanth Nagar 3rd Cross Street, Yashwanth Nagar 2nd Cross Street, Yashwanth Nagar 3rd Main Road, Yashwanth Nagar 1st Street, and Yashwanth Nagar 3rd Street.

What fees are associated with buying property in Yashwanth Nagar 2nd Street?

When buying property in Yashwanth Nagar 2nd Street, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which office handles property registrations for Yashwanth Nagar 2nd Street?

The Selaiyur Sub Registrar Office handles property registrations for Yashwanth Nagar 2nd Street. The office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.