Guideline Value for Yathothakari Sannathi Street

Yathothakari Sannathi Street guideline value

The current guideline value of Yathothakari Sannathi Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - III.

How the guideline value of Yathothakari Sannathi Street has changed

Over the years, the guideline value for Yathothakari Sannathi Street has seen several revisions. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, the value decreased by 33% to Rs 1,005 per sq.ft in 2017. The 2023 revision then raised it to Rs 1,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Yathothakari Sannathi Street.

• Yathothakarai Keelandai Mada Street: Rs 1,650 per sq.ft (2024)
• Yathothakari Singaperumal Mela Mada Street: Rs 800 per sq.ft (2024)
• Yathokarai Vadavandai Mada Veethi: Rs 1,650 per sq.ft (2024)
• Yathothakari Thenandai Mada Street: Rs 1,100 per sq.ft (2024)
• Vishnukanchi Road: Rs 1,100 per sq.ft (2024)
• Vilakadi Kovil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Yathothakari Sannathi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yathothakari Sannathi Street?

The Kanchipuram Joint IV Sub Registrar Office covers Yathothakari Sannathi Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in property transactions in the 2nd Division. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from each transaction.

When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Yathothakari Sannathi Street?

The current guideline value of Yathothakari Sannathi Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 230% during this period.

What are the stamp duty and registration fees for property in Yathothakari Sannathi Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Yathothakari Sannathi Street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for Yathothakari Sannathi Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Yathothakari Sannathi Street?

Yathothakari Sannathi Street is classified as Residential Class I Type - III.