Guideline Value for Vedabalayam kalani Raji Street

Vedabalayam kalani Raji Street guideline value

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

How the guideline value of Vedabalayam kalani Raji Street has changed

Looking at the historical revisions, the guideline value for this street has seen several changes over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a 600% increase. However, the value then decreased to Rs 469 per sq.ft in the 2017 revision, a drop of 33%. Following this, the value remained unchanged at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from the 2017 figure.

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

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, with a median value of Rs 800 per sq.ft. The guideline value of Vedabalayam kalani Raji Street is below this median.

• Vedabalayam Kalani Madha Koil Street: Rs 700 per sq.ft (2024)
• Vedabalayam Thalaiyari 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 kalani Raji 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 for these fees to Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedabalayam kalani Raji Street?

The Sub Registrar Office that covers Vedabalayam kalani Raji 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 minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Vedabalayam kalani Raji Street?

The current guideline value of Vedabalayam kalani Raji 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 significantly from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, 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 land classification for Vedabalayam kalani Raji Street?

The land classification for Vedabalayam kalani Raji Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Vedabalayam kalani Raji Street is 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 7,00,000, the stamp duty at 7% would be Rs 49,000.