Guideline Value for Vedabalayam Kalani Madha Koil Street

Vedabalayam Kalani Madha Koil Street guideline value

The current guideline value for Vedabalayam Kalani Madha Koil Street is Rs 700 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 III Type - I.

How the guideline value of Vedabalayam Kalani Madha Koil Street has changed

The guideline value for Vedabalayam Kalani Madha Koil Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft. It increased significantly to Rs 700 per sq.ft in 2012, marking a 600% increase. However, it then dropped to Rs 469 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%, reflecting the changes in the local real estate market.

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 is Rs 800 per sq.ft, placing Vedabalayam Kalani Madha Koil Street's 2024 figure below that median.

• Vedabalayam Arunachala Naikkar Street: Rs 900 per sq.ft (2024)
• Vedabalayam kalani Raji Street: Rs 700 per sq.ft (2024)
• Vedabalaiyam HighWeys Road Street: Rs 1,000 per sq.ft (2024)
• Vedabalayam Thalaiyari Street: Rs 700 per sq.ft (2024)
• V.D.S நகர்: Rs 400 per sq.ft (2024)
• VazhaiThottam Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vedabalayam Kalani Madha Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedabalayam Kalani Madha Koil Street?

The Sub Registrar Office covering Vedabalayam Kalani Madha 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 information.

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

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

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vedabalayam Kalani Madha Koil Street?

The current guideline value of Vedabalayam Kalani Madha Koil Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012. It then decreased to Rs 469 per sq.ft in 2017 and remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Vedabalayam Kalani Madha Koil Street's 2024 figure being below this median.

What are the stamp duty and registration fees for a property in Vedabalayam Kalani Madha Koil Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Vedabalayam Kalani Madha Koil Street located?

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