Guideline Value for Yellaiyamman koil Street

Yellaiyamman koil Street guideline value

The current guideline value of Yellaiyamman koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Yellaiyamman koil Street has changed

Over the years, the guideline value of Yellaiyamman koil Street has seen significant changes. The earliest recorded figure is from 2002, where the guideline value was Rs 1,427 per sq.ft. This increased to Rs 1,688 per sq.ft in 2003, marking an 18% rise. The value continued to rise, reaching Rs 2,800 per sq.ft in 2007, which was a 66% increase from the previous revision. In 2012, the guideline value was Rs 7,000 per sq.ft, showing a substantial increase of 150% from 2007. However, it dropped to Rs 4,690 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 7,000 per sq.ft, representing a 49% increase. The latest revision in 2024 has set the guideline value at Rs 7,700 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 440%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Yellaiyamman koil Street above that median with its current value of Rs 7,700 per sq.ft.

• Vinayagar Koil Street: Rs 4,400 per sq.ft (2024)
• Venkateswara Nagger 5th St: Rs 5,500 per sq.ft (2024)
• Venkateswara Nagger 2nd Street: Rs 5,500 per sq.ft (2024)
• Venkateshwara Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Venkateshwara Nagar 3rd street: Rs 5,500 per sq.ft (2024)
• Venkateshwara Nagar 1st street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Yellaiyamman koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on either 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 Yellaiyamman koil Street?

The Sub Registrar Office that covers Yellaiyamman koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value will be referenced to assess the applicable charges. 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, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Yellaiyamman koil Street?

The current guideline value of Yellaiyamman koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 1,427 per sq.ft to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 440%.

What is the land classification for Yellaiyamman koil Street?

The land classification for Yellaiyamman koil Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Yellaiyamman koil Street?

The Sub Registrar Office for Yellaiyamman koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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 of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 6,93,000 in fees.