Guideline Value for Yathawal street upto Avadi Paruthipattu

Yathawal street upto Avadi Paruthipattu guideline value

The current guideline value for Yathawal street upto Avadi Paruthipattu is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village and falls under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Yathawal street upto Avadi Paruthipattu has changed

Over the years, the guideline value for Yathawal street has seen several revisions. The earliest recorded figure in 2012 was Rs 600 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 402 per sq.ft. Following this, in 2023, the value increased significantly to Rs 600 per sq.ft, and the most recent revision in 2024 raised it further to Rs 660 per sq.ft. The revisions for the years 2002, 2003, and 2007 show no figure for this street in the register.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The transition from 2023 to 2024 reflects a 10% rise, culminating in an overall increase of 10% from 2012 to 2024.

Guideline values in Sundaracholavaram

Sundaracholavaram village has a total of 57 streets under the Kunrathur SRO, each with a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, which is equal to the guideline value for Yathawal street upto Avadi Paruthipattu.

• V.Elumalai Naicker Nagar: Rs 550 per sq.ft (2024)
• Transport Traffic Supervisor Nagar: Rs 880 per sq.ft (2024)
• ThiruNageswaram Colony M.G.R. Nagar: Rs 660 per sq.ft (2024)
• Sundharavinayagar Nagar Annex: Rs 1,065 per sq.ft (2024)
• Sundara Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Sundarasolpuram Mettu Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Yathawal street upto Avadi Paruthipattu

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yathawal street upto Avadi Paruthipattu?

The Yathawal street upto Avadi Paruthipattu is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Sundaracholavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected costs associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall financial commitment in the transaction.

Frequently asked questions

What is the current guideline value for Yathawal street upto Avadi Paruthipattu?

The current guideline value for Yathawal street upto Avadi Paruthipattu is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Yathawal street upto Avadi Paruthipattu?

Yathawal street upto Avadi Paruthipattu is classified as Residential Class I Type - III.

Which Sub Registrar Office handles registrations for this area?

The Kunrathur Sub Registrar Office handles registrations for Yathawal street upto Avadi Paruthipattu, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 46,200 and a registration fee of Rs 13,200.