Guideline Value for Vedapalayam Bajanai Koil Sandhu

Vedapalayam Bajanai Koil Sandhu guideline value

The current guideline value of Vedapalayam Bajanai Koil Sandhu is Rs 900 per sq.ft. This property is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vedapalayam Bajanai Koil Sandhu has changed

The guideline value for Vedapalayam Bajanai Koil Sandhu has seen several revisions over the years. In 2007, the guideline value was Rs 147 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, it dropped to Rs 603 per sq.ft in 2017, before rising again to Rs 900 per sq.ft in both 2023 and 2024. The register has no figure for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a 49% increase in the guideline value, while from 2012 to 2017, it decreased by 33%. The remarkable increase from 2007 to 2012 was 512%, and overall, from 2007 to 2024, the guideline value increased by 512% as well.

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, making the current value of Vedapalayam Bajanai Koil Sandhu above this median.

• Vedapalayam Bajanai Koil Street: Rs 900 per sq.ft (2024)
• Vedapalayam Bangala Street: Rs 900 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 700 per sq.ft (2024)
• Vedabalayam Thalaiyari Street: Rs 700 per sq.ft (2024)
• Vedabalayam kalani Raji Street: Rs 700 per sq.ft (2024)
• Vedabalayam Kalani Madha Koil Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vedapalayam Bajanai Koil Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedapalayam Bajanai Koil Sandhu?

The Vedapalayam Bajanai Koil Sandhu falls under 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 an essential factor during property registration in Uthiramerur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the government’s valuation. It is important for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vedapalayam Bajanai Koil Sandhu?

The current guideline value of Vedapalayam Bajanai Koil Sandhu is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent figure of Rs 900 per sq.ft being the same as in 2023. However, it increased from Rs 603 per sq.ft in 2017 and has seen an overall increase of 512% from Rs 147 per sq.ft in 2007.

What are the guideline values for other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values, with some streets like Vedapalayam Bajanai Koil Street and Vedapalayam Bangala Street also at Rs 900 per sq.ft, while others like Vedapalayam Pandara Street are at Rs 700 per sq.ft.

What is the stamp duty rate for property in Vedapalayam Bajanai Koil Sandhu?

The stamp duty rate for property in Vedapalayam Bajanai Koil Sandhu is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vedapalayam Bajanai Koil Sandhu?

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