Guideline Value for Yathaval Street

Yathaval Street guideline value

The current guideline value of Yathaval Street in Pattravakkam village is Rs 1,500 per sq.ft, effective from 1 July 2024. This street falls under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Yathaval Street has changed

Over the years, the guideline value of Yathaval Street has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a 250% rise. However, between 2012 and 2017, the value decreased to Rs 938 per sq.ft, a drop of 33%. The value then increased to Rs 1,400 per sq.ft in 2023, reflecting a 49% rise. The latest revision in 2024 sets the guideline value at Rs 1,500 per sq.ft, which is a 7% increase from the previous year.

There are no recorded figures for Yathaval Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,900 per sq.ft. The median value is Rs 1,500 per sq.ft, which is the same as the current guideline value for Yathaval Street.

• Station Road: Rs 1,500 per sq.ft (2024)
• Sivapuram: Rs 1,500 per sq.ft (2024)
• Sivakami Ammal Street: Rs 1,100 per sq.ft (2024)
• Shrinivasa Nagar (Karukku): Rs 1,500 per sq.ft (2024)
• Shrinivasa Nagar (A) Jeyanthi Nagar: Rs 1,500 per sq.ft (2024)
• Selva Nagar: Rs 1,500 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 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Yathaval Street?

The Sub Registrar Office that covers Yathaval Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Pattravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value is set by the government and can change periodically based on revisions.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. It is essential for both parties to understand how this value impacts the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Yathaval Street?

The current guideline value of Yathaval Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 275% over the years.

What is the land classification for Yathaval Street?

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

Where can I find the Sub Registrar Office for Yathaval Street?

The Konnur Sub Registrar Office covers Yathaval Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for property in Yathaval Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For Yathaval Street, the total guideline value for a 1,000 sq.ft plot is Rs 15,00,000, leading to a stamp duty of Rs 1,05,000.