Guideline Value for Vedabalaiyam HighWeys Road Street

Vedabalaiyam HighWeys Road Street guideline value

The current guideline value of Vedabalaiyam HighWeys Road 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 Vedabalaiyam HighWeys Road Street has changed

The guideline value for Vedabalaiyam HighWeys Road 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 change of +580%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of -33%. The value then rose again to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for Vedabalaiyam HighWeys Road Street for the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 revision, there has been a significant increase of +580% in the guideline value.

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 guideline value for these streets is Rs 800 per sq.ft, placing Vedabalaiyam HighWeys Road Street's 2024 figure above this median.

• V.D.S நகர்: Rs 400 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)
• Vedabalayam Thalaiyari Street: Rs 700 per sq.ft (2024)
• VazhaiThottam Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vedabalaiyam HighWeys Road 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, while the registration fee at 2% would be Rs 20,000, bringing the total fees 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vedabalaiyam HighWeys Road Street?

The Sub Registrar Office that covers Vedabalaiyam HighWeys Road 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 in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vedabalaiyam HighWeys Road Street?

The current guideline value of Vedabalaiyam HighWeys Road 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 revisions. It increased 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 returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Vedabalaiyam HighWeys Road Street?

Vedabalaiyam HighWeys Road Street is classified as Residential Class I Type - I, indicating its designation for residential use.

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. These fees are based on the guideline value.

Which office handles registrations for properties on Vedabalaiyam HighWeys Road Street?

The Uthiramerur Sub Registrar Office handles registrations for properties on Vedabalaiyam HighWeys Road Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.