Guideline Value for Yasinkhan Cross Street

Yasinkhan Cross Street guideline value

The current guideline value of Yasinkhan Cross Street is Rs 3,300 per sq.ft. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Yasinkhan Cross Street has changed

The guideline value for Yasinkhan Cross Street has undergone several revisions over the years. The earliest recorded value was Rs 1,200 per sq.ft in 2007. This value increased significantly to Rs 3,000 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, which is a 10% rise from the previous year.

There are no recorded guideline values for Yasinkhan Cross Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the guideline value of Yasinkhan Cross Street.

• Yasinkhan II Street: Rs 3,300 per sq.ft (2024)
• Yasinkhan I street: Rs 3,300 per sq.ft (2024)
• Xavier Street: Rs 2,200 per sq.ft (2024)
• Vinayakar Koil Street: Rs 3,300 per sq.ft (2024)
• Valluvar Pettai: Rs 4,400 per sq.ft (2024)
• Thiru.Vi.Ka. Street (poli chetty street): Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Yasinkhan Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. 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 Yasinkhan Cross Street?

The Sub Registrar Office that covers Yasinkhan Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Issa Pallavaram, the guideline value plays a crucial role during the registration process. It is the benchmark value set by the government, which determines the minimum price at which a property can be registered.

This value is used to calculate the stamp duty and registration fees that must be paid at the time of property registration. Buyers should be aware that the stamp duty is based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Yasinkhan Cross Street?

The current guideline value of Yasinkhan Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175% since 2007.

What is the land classification for Yasinkhan Cross Street?

Yasinkhan Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Yasinkhan Cross Street?

The Sub Registrar Office for Yasinkhan Cross Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Yasinkhan Cross Street?

The stamp duty for properties in Yasinkhan Cross Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.