Guideline Value for VazhaiThottam Street

VazhaiThottam Street guideline value

The current guideline value of VazhaiThottam 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 VazhaiThottam Street has changed

The guideline value for VazhaiThottam Street has seen several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 580%. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, showing no change from the previous year. The current 2024 revision also retains this value, reflecting a 0% change from 2023.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 580% from 2007 to 2024.

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. The median value for these streets is Rs 800 per sq.ft, placing VazhaiThottam Street's 2024 figure above this median.

• VazhaiThottam Pin 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 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, bringing the total charges to Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VazhaiThottam Street?

The Sub Registrar Office that covers VazhaiThottam 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Uthiramerur. It is used as a basis for calculating the stamp duty and registration fees during the property registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold or purchased, the guideline value is compared with the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees, ensuring that the transaction aligns with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of VazhaiThottam Street?

The current guideline value of VazhaiThottam 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 seen several changes, with the most significant increase from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. It remained at Rs 1,000 per sq.ft from 2012 to 2023, and again in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. This is based on the current guideline value of Rs 1,000 per sq.ft.

Which office handles property registrations in Uthiramerur?

The Uthiramerur Sub Registrar Office is responsible for property registrations in this area, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating the stamp duty and registration fees during property transactions. It ensures that the property is valued correctly for legal and taxation purposes.