Guideline Value for VIMALA AVENUE

Vimala Avenue guideline value

The current guideline value of Vimala Avenue in Vedapalayam village, under the Uthiramerur SRO, is Rs 402 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Vimala Avenue has changed

In the 2017 revision, the guideline value was set at Rs 268 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 402 per sq.ft. The 2024 revision again confirmed this value at Rs 402 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 50%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50% as well, reflecting a consistent valuation over the recent years.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Vimala Avenue's 2024 figure above this median.

• Vignesh Garden Phase - I: Rs 402 per sq.ft (2024)
• Vignesh Garden: Rs 402 per sq.ft (2024)
• Vedapalayam Thalayarai Street: Rs 200 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 200 per sq.ft (2024)
• Vedapalayam Kalani Raji Street: Rs 200 per sq.ft (2024)
• Vedapalayam Kalani Madha Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vimala Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total cost for these fees to Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vimala Avenue?

The Sub Registrar Office that covers Vimala Avenue is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property in Vedapalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers and sellers should consult the guideline value register to understand their obligations and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vimala Avenue?

The current guideline value of Vimala Avenue is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 402 per sq.ft in 2023 and remained the same in 2024. There were no figures recorded for the years 2002, 2003, 2007, and 2012.

What is the land classification of Vimala Avenue?

Vimala Avenue is classified as Residential Special Type - IV, indicating its designation for residential purposes within the region.

What are the stamp duty and registration fees for property in Vimala Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 4,02,000, the stamp duty would be Rs 28,140 and the registration fee would be Rs 8,040, totaling Rs 36,180. These fees are based on the higher of the guideline value or sale price.

Which Sub Registrar Office covers Vimala Avenue?

The Uthiramerur Sub Registrar Office covers Vimala Avenue, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.