Guideline Value

Corporate

Guideline Value for Yashwanth Nagar Extension 1st Street

₹2750/sq.ft.

The guideline value for Yashwanth Nagar Extension 1st 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 Extension 1st Street

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Yashwanth Nagar Extension 1st Street guideline value

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

How the guideline value of Yashwanth Nagar Extension 1st Street has changed

In the 2012 revision, the guideline value for Yashwanth Nagar Extension 1st Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, where it continued to be Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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 in this area is Rs 2,400 per sq.ft, making the current value of Yashwanth Nagar Extension 1st Street above the median.

Stamp duty and registration fee for property in Yashwanth Nagar Extension 1st 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, leading to a total of 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yashwanth Nagar Extension 1st Street?

The Sub Registrar Office that covers Yashwanth Nagar Extension 1st 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, 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 critical factor in the registration process for property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and compliance with government regulations.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the transaction process. It's important to be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Yashwanth Nagar Extension 1st Street?

The current guideline value of Yashwanth Nagar Extension 1st 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 2012 to Rs 2,500 per sq.ft in 2023, and then increased to Rs 2,750 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

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 Extension 1st Street is above this median.

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

For a property valued at 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. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Yashwanth Nagar Extension 1st Street?

The Selaiyur Sub Registrar Office handles registrations for Yashwanth Nagar Extension 1st Street. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.