Guideline Value for Yashwanth Nagar 3rd Street

Yashwanth Nagar 3rd Street guideline value

The current guideline value of Yashwanth Nagar 3rd 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 3rd Street has changed

The guideline value for Yashwanth Nagar 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,500 per sq.ft. Prior to that, the 2012 revision also recorded Rs 2,500 per sq.ft, indicating no change between 2012 and 2023.

For the years 2002, 2003, 2007, and 2017, the register has no figure for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 as of 2024. The median value for these streets is Rs 2,400 per sq.ft, placing Yashwanth Nagar 3rd Street's 2024 figure above that median.

• Yashwanth Nagar 3rd Main Road: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 4th Cross Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 5th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Yashwanth Nagar 3rd Street

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yashwanth Nagar 3rd Street?

The Yashwanth Nagar 3rd Street 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 when registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is registered, the higher value between the guideline value and the actual sale price is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Yashwanth Nagar 3rd Street?

The current guideline value of Yashwanth Nagar 3rd 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 seen an increase of 10% from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. There was no change from 2012 to 2023, where it remained at Rs 2,500 per sq.ft.

What is the land classification for Yashwanth Nagar 3rd Street?

Yashwanth Nagar 3rd Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,47,500.

Which office handles registrations for Yashwanth Nagar 3rd Street?

The Selaiyur Sub Registrar Office handles registrations for Yashwanth Nagar 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.