Guideline Value for Yashwanth Nagar 8th Street

Yashwanth Nagar 8th Street guideline value

The current guideline value of Yashwanth Nagar 8th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Yashwanth Nagar 8th Street has changed

The guideline value for Yashwanth Nagar 8th Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in the 2023 revision. Notably, there was no change in the value from 2012 to 2023, as both years recorded the same figure of Rs 2,500 per sq.ft. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase.

It is important to note that the register has no figures for Yashwanth Nagar 8th Street for the years 2002, 2003, 2007, and 2017. This lack of data means that the guideline value remained unchanged during those periods. The consistent value from 2012 to 2023 indicates stability in the guideline value for this street during that time.

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. The median guideline value for these streets is Rs 2,400 per sq.ft, positioning Yashwanth Nagar 8th Street above this median value at Rs 2,750 per sq.ft.

• Yashwanth Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 9th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar East Main Road: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar Extension 1st Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Yashwanth Nagar 8th Street

For a property measuring 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees total 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 8th Street?

The Yashwanth Nagar 8th Street is covered by 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 plays a crucial role in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Yashwanth Nagar 8th Street?

The current guideline value of Yashwanth Nagar 8th 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 changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, as both years recorded the same figure of Rs 2,500 per sq.ft.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, with Yashwanth Nagar 8th Street's value of Rs 2,750 per sq.ft being above this median.

What are the stamp duty and registration fees for properties in Yashwanth Nagar 8th Street?

For a property measuring 1,000 sq.ft, the total guideline value would be 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.

Which office handles property registrations in Yashwanth Nagar 8th Street?

The Selaiyur Sub Registrar Office handles property registrations for Yashwanth Nagar 8th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.