Guideline Value for Yasinkhan II Street

Yasinkhan II Street guideline value

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

How the guideline value of Yasinkhan II Street has changed

The guideline value for Yasinkhan II 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 rise of 150%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value surged to Rs 3,000 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Yasinkhan II Street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the current guideline value for Yasinkhan II Street.

• Yasinkhan Cross 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 II Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Yasinkhan II Street?

The Sub Registrar Office that covers Yasinkhan II Street is 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Issa Pallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Yasinkhan II Street?

The current guideline value of Yasinkhan II 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, reflecting an overall increase of 175% over the years.

What is the land classification of Yasinkhan II Street?

Yasinkhan II Street is classified as Residential Class I Type - II.

Where is the Sub Registrar Office for Yasinkhan II Street located?

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

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

Stamp duty for properties in Yasinkhan II 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%.