Guideline Value for Yellamuthamman Koil Street

Yellamuthamman Koil Street guideline value

The current guideline value of Yellamuthamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Yellamuthamman Koil Street has changed

The guideline value for Yellamuthamman Koil Street has seen several revisions since 2007. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly by 180% to Rs 3,500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 2,345 per sq.ft. The subsequent revision in 2023 saw a substantial increase of 49%, raising the value to Rs 3,500 per sq.ft. The latest revision in 2024 has further increased the value by 11%, now standing at Rs 3,900 per sq.ft.

It is worth noting that there are no registered figures for Yellamuthamman Koil Street for the years 2002 and 2003.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the current guideline value for Yellamuthamman Koil Street.

• Yellamuthamman Koil Lane: Rs 3,300 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Yellamuthamman Koil Street?

The Sub Registrar Office covering Yellamuthamman Koil 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 Palavanthangal

The guideline value is a crucial factor during the registration of property transactions in Palavanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value affects the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that both parties in a transaction are aware of the costs involved upfront.

Frequently asked questions

What is the current guideline value of Yellamuthamman Koil Street?

The current guideline value of Yellamuthamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212% over the years.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 3,51,000.

Which Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Yellamuthamman Koil Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Yellamuthamman Koil Street?

The land classification for Yellamuthamman Koil Street is Residential Class I Type - III, indicating its suitability for residential development.