Guideline Value for Yathaval Street

Yathaval Street guideline value

The current guideline value of Yathaval Street in Irumpuliyur village is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Yathaval Street has changed

The guideline value for Yathaval Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which then decreased to Rs 1,541 per sq.ft in the 2017 revision. However, the value rebounded to Rs 2,300 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,530 per sq.ft in the 2024 revision.

From the 2017 to 2023 revision, there was a significant increase of 49%. The guideline value then rose by 10% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Yathaval Street's 2024 figure above that median.

• Yamuna Street: Rs 2,200 per sq.ft (2024)
• Vvs Iyer Street: Rs 2,530 per sq.ft (2024)
• Viyasar Street: Rs 1,320 per sq.ft (2024)
• Vivekanandan Street (Vallalar Street): Rs 2,530 per sq.ft (2024)
• Vivakanantha Street: Rs 2,530 per sq.ft (2024)
• Vijayarengan Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Yathaval Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total cost Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yathaval Street?

The Sub Registrar Office that covers Yathaval Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Yathaval Street?

The current guideline value of Yathaval Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What are the other streets in Irumpuliyur with their guideline values?

Other streets in Irumpuliyur include Yamuna Street at Rs 2,200 per sq.ft, Vvs Iyer Street at Rs 2,530 per sq.ft, Viyasar Street at Rs 1,320 per sq.ft, Vivekanandan Street (Vallalar Street) at Rs 2,530 per sq.ft, Vivakanantha Street at Rs 2,530 per sq.ft, and Vijayarengan Street at Rs 2,530 per sq.ft.

What is the stamp duty and registration fee for property in Yathaval Street?

The stamp duty for a property valued at Rs 25,30,000 would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles property registration for Yathaval Street?

The Tambaram Joint 1 Sub Registrar Office handles property registration for Yathaval Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.