Guideline Value for Vandikkara Street

Vandikkara Street guideline value

The current guideline value of Vandikkara Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Special Type - I.

How the guideline value of Vandikkara Street has changed

The guideline value for Vandikkara Street has seen significant changes over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating a remarkable increase of 348% from 2017 to 2023, with no change from 2023 to 2024.

It is important to note that the register has no figures for Vandikkara Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 716%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median value in the village is Rs 800 per sq.ft, placing Vandikkara Street's 2024 figure above this median.

• Vaniya Pillaiyar Koil Street: Rs 1,000 per sq.ft (2024)
• Vannara Street: Rs 1,500 per sq.ft (2024)
• VazhaiThottam Pin Street: Rs 1,000 per sq.ft (2024)
• VazhaiThottam Street: Rs 1,000 per sq.ft (2024)
• V.D.S நகர்: Rs 400 per sq.ft (2024)
• Vedabalaiyam HighWeys Road Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vandikkara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vandikkara Street?

The Sub Registrar Office that covers Vandikkara 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

The guideline value is a crucial factor when registering property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly in the official register. It helps in establishing the legal value of the property, which is essential for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Vandikkara Street?

The current guideline value of Vandikkara Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 147 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 716% over the years.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is currently set at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Uthiramerur Sub Registrar Office?

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

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Vandikkara Street's 2024 figure being above this median.