Guideline Value for Vadanalloor

Vadanalloor guideline value

The current guideline value of Vadanalloor is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vadanalloor has changed

Over the years, the guideline value for Vadanalloor has seen several revisions. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, consistent with the 2023 revision. Prior to this, the 2017 revision set the value at Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 700 per sq.ft, which was a decrease of 33% from the previous 2017 figure. The 2007 revision recorded a guideline value of Rs 100 per sq.ft, which saw a dramatic increase of 600% to reach the 2012 figure.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 600%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Vadanalloor is below this median.

• Vaigundaperumal Koil Street: Rs 1,500 per sq.ft (2024)
• Vandikkara Street: Rs 1,200 per sq.ft (2024)
• Vaniya Pillaiyar Koil Street: Rs 1,000 per sq.ft (2024)
• Vannara Street: Rs 1,500 per sq.ft (2024)
• Thottakkara Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Vadanalloor

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadanalloor?

The Sub Registrar Office that covers Vadanalloor 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 Uthiramerur

The guideline value plays a crucial role in the registration process of property transactions in Uthiramerur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

This value is essential for both buyers and sellers as it provides a standard reference point for the transaction. It helps in ensuring transparency and fairness in the registration process, as the fees are based on the government's established guideline values.

Frequently asked questions

What is the current guideline value for Vadanalloor?

The current guideline value for Vadanalloor is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vadanalloor has experienced several changes, with the most recent revision in 2024 maintaining the value at Rs 700 per sq.ft. The 2017 revision was Rs 469 per sq.ft, and the 2007 revision was Rs 100 per sq.ft.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Vadanalloor?

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

What is the land classification for Vadanalloor?

Vadanalloor is classified as Residential Class III Type - I, which indicates its designation for residential purposes within the region.