Guideline Value

Corporate

Guideline Value for Yashwanth Nagar Extension 2nd Street

₹2750/sq.ft.

The guideline value for Yashwanth Nagar Extension 2nd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. 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 N/A
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 2nd Street

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Yashwanth Nagar Extension 2nd Street guideline value

The current guideline value of Yashwanth Nagar Extension 2nd Street is Rs 2,750 per sq.ft. 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 2nd Street has changed

The guideline value for Yashwanth Nagar Extension 2nd Street has seen changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 increased this to Rs 2,750 per sq.ft, marking a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From the 2012 revision to the 2024 revision, there has been a notable increase in the guideline value. The current rate of Rs 2,750 per sq.ft reflects the latest adjustments made in the 2024 revision, effective from 1 July 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO with a 2024 guideline value range 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, placing Yashwanth Nagar Extension 2nd Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value totals 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 to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Yashwanth Nagar Extension 2nd Street?

The Yashwanth Nagar Extension 2nd 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, 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 crucial factor in property transactions in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. It is important to be informed about the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

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

The current guideline value of Yashwanth Nagar Extension 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. Yashwanth Nagar Extension 2nd Street's guideline value is above this median.

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

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

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

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