Guideline Value for Yesudos Street/Balaiah Garden

Yesudos Street/Balaiah Garden guideline value

The current guideline value of Yesudos Street/Balaiah Garden is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Yesudos Street/Balaiah Garden has changed

In the 2017 revision, the guideline value was Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1823 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, and Yesudos Street/Balaiah Garden's 2024 figure is above this median.

• Vishaal Nagar Extn: Rs 2,200 per sq.ft (2024)
• Vishaal Nagar: Rs 2,200 per sq.ft (2024)
• Vijay Avenue: Rs 2,200 per sq.ft (2024)
• Vijaya Nagar Ponniamman Koil Street: Rs 2,200 per sq.ft (2024)
• Vignesh Avenue, Ramurthy Nagar: Rs 2,750 per sq.ft (2024)
• Vidhyasurabi School Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Yesudos Street/Balaiah Garden

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yesudos Street/Balaiah Garden?

The Sub Registrar Office covering Yesudos Street/Balaiah Garden is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a buyer approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction. This ensures that both parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Yesudos Street/Balaiah Garden?

The current guideline value of Yesudos Street/Balaiah Garden is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft in 2024, marking an overall increase of 64%.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would be Rs 3,46,500.

Which office handles registrations for Yesudos Street/Balaiah Garden?

The Velacheri Sub Registrar Office handles registrations for Yesudos Street/Balaiah Garden, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Yesudos Street/Balaiah Garden's value being above this median.