Guideline Value for Yasinkhan I street

Yasinkhan I street guideline value

The current guideline value of Yasinkhan I street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the jurisdiction of the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Yasinkhan I street has changed

The guideline value for Yasinkhan I street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This 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, which represented a decline 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, reflecting a 10% rise.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. 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 is Rs 3,300 per sq.ft, which is equal to the current guideline value of Yasinkhan I street.

• Yasinkhan II Street: Rs 3,300 per sq.ft (2024)
• Yasinkhan Cross 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 I street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Yasinkhan I street?

The Yasinkhan I street falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Issa Pallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in accordance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Yasinkhan I street?

The current guideline value of Yasinkhan I 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 from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 175%.

What are the stamp duty and registration fees for properties in Yasinkhan I street?

For a 1,000 sq.ft property, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Yasinkhan I street?

The registrations for Yasinkhan I street are handled by the Pallavaram Sub Registrar Office located in Chromepet, Chennai.

What is the land classification for Yasinkhan I street?

The land classification for Yasinkhan I street is Residential Class I Type - II.