Guideline Value for Yellamuthamman Koil Lane

Yellamuthamman Koil Lane guideline value

The current guideline value of Yellamuthamman Koil Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This lane is located in Palavanthangal village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Yellamuthamman Koil Lane has changed

The guideline value for Yellamuthamman Koil Lane has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 750 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The next revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 3,000 per sq.ft. The most recent revision in 2024 raised the value by 10% to Rs 3,300 per sq.ft.

It is important to note that the register has no figures for Yellamuthamman Koil Lane for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, making the current value for Yellamuthamman Koil Lane below the median.

• Yellamuthamman Koil Street: Rs 3,900 per sq.ft (2024)
• Yadhaval Street: Rs 3,900 per sq.ft (2024)
• West Side Nehru Main Road: Rs 3,300 per sq.ft (2024)
• Venkatachalam Street: Rs 3,900 per sq.ft (2024)
• Vempuli Amman Koil Street: Rs 3,900 per sq.ft (2024)
• Vembuliamman Koil Extension: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Yellamuthamman Koil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Yellamuthamman Koil Lane?

The Sub Registrar Office that covers Yellamuthamman Koil Lane 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 Palavanthangal

The guideline value is a crucial factor during the registration process of property transactions in Palavanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. This value is regularly updated to reflect changes in the real estate market, ensuring that property transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Yellamuthamman Koil Lane?

The current guideline value of Yellamuthamman Koil Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 340%.

What are the other streets in Palavanthangal with their guideline values?

Other streets in Palavanthangal include Yellamuthamman Koil Street, Yadhaval Street, West Side Nehru Main Road, Venkatachalam Street, Vempuli Amman Koil Street, and Vembuliamman Koil Extension, with values ranging from Rs 3,300 to Rs 3,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Yellamuthamman Koil Lane?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for Yellamuthamman Koil Lane?

The Alandur Sub Registrar Office handles property registrations for Yellamuthamman Koil Lane, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.