Guideline Value for Yegambara dabether Street

Yegambara dabether Street guideline value

The current guideline value of Yegambara dabether Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Yegambara dabether Street has changed

The guideline value for Yegambara dabether Street has seen several revisions over the years. In 2012, the guideline value was Rs 4,500 per sq.ft. This figure then decreased to Rs 3,015 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,500 per sq.ft in 2023, and finally rose to the current value of Rs 5,000 per sq.ft in 2024. The changes from 2012 to 2017 reflect a decrease of 33%, while the increase from 2017 to 2023 is 49%, and from 2023 to 2024 is 11%.

It is important to note that there are no figures available for Yegambara dabether Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Alandur

In Alandur, there are 40 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median guideline value is Rs 5,000 per sq.ft, which is the same as the current value for Yegambara dabether Street.

• Venu reddy Street: Rs 5,500 per sq.ft (2024)
• Vempuli Amman Koil Street: Rs 5,000 per sq.ft (2024)
• Vembuli Subethar Street: Rs 4,400 per sq.ft (2024)
• U.V. Samynathan Street: Rs 5,000 per sq.ft (2024)
• Thadikkara Swamy Street: Rs 5,000 per sq.ft (2024)
• Subba Colony (Subba Reddy Colony): Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Yegambara dabether Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yegambara dabether Street?

The Sub Registrar Office that covers Yegambara dabether Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is used as a reference point for property transactions in Alandur. It helps determine the stamp duty and registration fees that need to be paid during the buying or selling process. The guideline value is crucial for ensuring that the transaction is registered at the correct value, which is necessary for legal documentation.

When you buy or sell property in Alandur, the guideline value is assessed to calculate the applicable fees. This ensures that both parties in the transaction are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Yegambara dabether Street?

The current guideline value of Yegambara dabether Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What are the other guideline values in Alandur?

Other streets in Alandur have varying guideline values, with the range from Rs 3,900 to Rs 11,000 per sq.ft. The median value is Rs 5,000 per sq.ft, which is the same as Yegambara dabether Street.

What is the stamp duty for property in Yegambara dabether Street?

The stamp duty for a property at the current guideline value of Rs 5,000 per sq.ft would be 7% of the guideline value, which amounts to Rs 3,50,000 for a 1,000 sq.ft plot.

Which office do I need to visit for registration?

The registration for properties in Yegambara dabether Street is handled by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.