Guideline Value for Yashwanth Nagar 9th Street

Yashwanth Nagar 9th Street guideline value

The current guideline value of Yashwanth Nagar 9th 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 9th Street has changed

In the 2012 revision, the guideline value for Yashwanth Nagar 9th Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

Madambakkam has a total of 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 in the village is Rs 2,400 per sq.ft, placing Yashwanth Nagar 9th Street's 2024 figure above this median.

• Yashwanth Nagar 8th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar East Main Road: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar Extension 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Yashwanth Nagar Extension 1st Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Yashwanth Nagar 9th 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, and the registration fee at 2% would be Rs 55,000, bringing the total cost 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.

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

Which Sub Registrar Office covers Yashwanth Nagar 9th Street?

The Yashwanth Nagar 9th 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Madambakkam. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall cost of the transaction and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Yashwanth Nagar 9th Street?

The current guideline value of Yashwanth Nagar 9th 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, and it increased to Rs 2,750 per sq.ft in the 2024 revision. Overall, there has been a 10% increase in the guideline value from 2012 to 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value for Yashwanth Nagar 9th Street is above this median.

What are the stamp duty and registration fees for properties in Yashwanth Nagar 9th Street?

For a property valued at Rs 27,50,000, the stamp duty is Rs 1,92,500, and the registration fee is Rs 55,000, totaling Rs 2,47,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Yashwanth Nagar 9th Street?

The Selaiyur Sub Registrar Office handles registrations for Yashwanth Nagar 9th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.