Guideline Value for Vedabalayam Thalaiyari Street

Vedabalayam Thalaiyari Street guideline value

The current guideline value of Vedabalayam Thalaiyari Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vedabalayam Thalaiyari Street has changed

The guideline value for Vedabalayam Thalaiyari Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a substantial increase of 600%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 700 per sq.ft, and the current 2024 revision also holds the value at Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 600%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO, with guideline values for 2024 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 Vedabalayam Thalaiyari Street's 2024 value below this median.

• Vedabalayam kalani Raji Street: Rs 700 per sq.ft (2024)
• Vedabalayam Kalani Madha Koil Street: Rs 700 per sq.ft (2024)
• Vedabalayam Arunachala Naikkar Street: Rs 900 per sq.ft (2024)
• Vedabalaiyam HighWeys Road Street: Rs 1,000 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 Thalaiyari Street

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

Which Sub Registrar Office covers Vedabalayam Thalaiyari Street?

The Sub Registrar Office that covers Vedabalayam Thalaiyari 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 an essential factor in the property registration process in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate 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 Vedabalayam Thalaiyari Street?

The current guideline value of Vedabalayam Thalaiyari 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 seen various changes, with the most significant increase occurring from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012. The value has remained stable at Rs 700 per sq.ft since 2012, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Vedabalayam Thalaiyari Street?

The land classification for Vedabalayam Thalaiyari Street is Residential Class III Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft property at Rs 700 per sq.ft would incur a total cost of Rs 63,000 in duties and fees.

Where can I find the Sub Registrar Office for Vedabalayam Thalaiyari Street?

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