Guideline Value for VazhaiThottam Pin Street

VazhaiThottam Pin Street guideline value

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

How the guideline value of VazhaiThottam Pin Street has changed

The guideline value for VazhaiThottam Pin 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, before rising again to Rs 1,000 per sq.ft in both 2023 and the latest revision in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 is a substantial 580%, highlighting a significant rise in the guideline value over the years.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO carrying 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 VazhaiThottam Pin Street is above this median.

• 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)
• Vedabalayam Arunachala Naikkar Street: Rs 900 per sq.ft (2024)
• Vedabalayam Kalani Madha Koil Street: Rs 700 per sq.ft (2024)
• Vedabalayam kalani Raji Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in VazhaiThottam Pin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost of duty and fees Rs 90,000. 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.

Which Sub Registrar Office covers VazhaiThottam Pin Street?

The Sub Registrar Office that covers VazhaiThottam Pin 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 additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the higher of the guideline value or the sale price is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of VazhaiThottam Pin Street?

The current guideline value of VazhaiThottam Pin 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 has remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for VazhaiThottam Pin Street?

VazhaiThottam Pin Street is classified as Residential Class I Type - I.

Where can I find the registration office for this street?

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

How is stamp duty calculated for properties in Uthiramerur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.