Guideline Value for Vaniya Pillaiyar Koil Street

Vaniya Pillaiyar Koil Street guideline value

The current guideline value of Vaniya Pillaiyar Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vaniya Pillaiyar Koil Street has changed

The guideline value for Vaniya Pillaiyar Koil Street has seen several revisions over the years. In 2007, the value was Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it dropped to Rs 670 per sq.ft in 2017. The value remained unchanged at Rs 1,000 per sq.ft in both 2023 and 2024, indicating a 0% change from 2023 to 2024. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a notable increase of 49%. The substantial rise from 2007 to 2012 of 580% was followed by a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 580%.

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. Vaniya Pillaiyar Koil Street's guideline value of Rs 1,000 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaniya Pillaiyar Koil Street?

The Sub Registrar Office that covers Vaniya Pillaiyar 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 details.

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

The guideline value is a critical factor when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction process.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Vaniya Pillaiyar Koil Street?

The current guideline value of Vaniya Pillaiyar Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification of Vaniya Pillaiyar Koil Street?

Vaniya Pillaiyar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Where is the Uthiramerur Sub Registrar Office located?

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