Guideline Value for Vedapalayam Arunachanaickar Street

Vedapalayam Arunachanaickar Street guideline value

The current guideline value of Vedapalayam Arunachanaickar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village, under the jurisdiction of the Uthiramerur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vedapalayam Arunachanaickar Street has changed

The guideline value for Vedapalayam Arunachanaickar Street has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, marking a 49% increase from the previous 2012 revision, which was also Rs 300 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value experienced a decrease of 33%. Overall, from 2012 to 2024, there has been no change, as the value remains at Rs 300 per sq.ft. This consistency reflects the stability of the guideline value for this street over the last decade.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO with a guideline value for 2024 ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Vedapalayam Arunachanaickar Street below this median.

• Vedapalayam Bajanai Koil Sandu: Rs 300 per sq.ft (2024)
• Vedapalayam Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Vedapalayam Bangala Street: Rs 300 per sq.ft (2024)
• Vedapalayam Highways Road Street: Rs 500 per sq.ft (2024)
• Vedapalayam Kalani Madha Koil Street: Rs 200 per sq.ft (2024)
• Vedapalayam Kalani Raji Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vedapalayam Arunachanaickar Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000. Together, the total fees would be Rs 27,000. It is important to note that 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 Vedapalayam Arunachanaickar Street?

The Vedapalayam Arunachanaickar Street falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial element in the property registration process in Vedapalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is officially recorded at a value that reflects the local market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Vedapalayam Arunachanaickar Street?

The current guideline value of Vedapalayam Arunachanaickar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017. There are no figures available for the revisions in 2002, 2003, and 2007.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Vedapalayam Arunachanaickar Street?

The Uthiramerur Sub Registrar Office is responsible for property registrations in Vedapalayam Arunachanaickar Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification for Vedapalayam Arunachanaickar Street?

Vedapalayam Arunachanaickar Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.