Guideline Value for Vaigundaperumal Koil Street

Vaigundaperumal Koil Street guideline value

The current guideline value of Vaigundaperumal Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Vaigundaperumal Koil Street has changed

The guideline value for Vaigundaperumal Koil Street has undergone several revisions over the years. The 2007 revision set the value at Rs 147 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 536 per sq.ft. The 2023 revision maintained the value at Rs 1,500 per sq.ft, which has remained unchanged into the 2024 revision.

From 2017 to 2023, the guideline value saw a substantial increase of 180%. Overall, from the 2007 revision to the current 2024 value, there has been an increase of 920%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Uthiramerur

In Uthiramerur village, 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. The median guideline value in this area is Rs 800 per sq.ft, placing Vaigundaperumal Koil Street's 2024 figure above that median.

• Vadanalloor: Rs 700 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)
• VazhaiThottam Pin Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vaigundaperumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total fees together to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Vaigundaperumal Koil Street?

The Sub Registrar Office that covers Vaigundaperumal Koil Street 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

When buying or selling property in Uthiramerur, the guideline value serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. It is essential to understand that the guideline value is used to calculate these fees, ensuring that both buyers and sellers are aware of the costs involved in the property transfer process.

During registration, the guideline value helps in establishing a fair basis for the transaction, ensuring transparency and compliance with local regulations. This value is particularly important for both parties to understand their financial obligations during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Vaigundaperumal Koil Street?

The current guideline value of Vaigundaperumal Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 920% since then.

What is the land classification of Vaigundaperumal Koil Street?

Vaigundaperumal Koil Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty rates for properties in Uthiramerur?

The stamp duty for properties in Uthiramerur is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vaigundaperumal Koil Street?

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