Guideline Value for Vedapalayam Bajanai Koil Sandu

Vedapalayam Bajanai Koil Sandu guideline value

The current guideline value of Vedapalayam Bajanai Koil Sandu is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vedapalayam Bajanai Koil Sandu has changed

The guideline value for Vedapalayam Bajanai Koil Sandu has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged through the 2017 revision. However, in 2017, the value was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33%. This was followed by a significant increase in the 2023 revision, bringing the value back to Rs 300 per sq.ft, which remained the same in the 2024 revision, indicating no change from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 300 per sq.ft.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Vedapalayam Bajanai Koil Sandu's 2024 figure below that median.

• Vedapalayam Arunachanaickar Street: 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 Bajanai Koil Sandu

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, calculated at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vedapalayam Bajanai Koil Sandu?

The Sub Registrar Office that covers Vedapalayam Bajanai Koil Sandu 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 further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Vedapalayam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's assessed value.

When buying or selling property, the guideline value helps both parties understand the minimum value that will be recognized by the registration authorities. This ensures compliance with local regulations and helps in the proper documentation of the transaction.

Frequently asked questions

What is the current guideline value for Vedapalayam Bajanai Koil Sandu?

The current guideline value for Vedapalayam Bajanai Koil Sandu is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes being Rs 300 per sq.ft in 2023 and 2024, following a decrease to Rs 201 per sq.ft in 2017 from Rs 300 in 2012.

What are the other streets in Vedapalayam with similar guideline values?

Other streets in Vedapalayam, such as Vedapalayam Arunachanaickar Street, Vedapalayam Bajanai Koil Street, and Vedapalayam Bangala Street, also have a guideline value of Rs 300 per sq.ft in 2024.

What is the registration fee for property in Vedapalayam Bajanai Koil Sandu?

The registration fee for property in Vedapalayam Bajanai Koil Sandu is calculated at 2% of the guideline value. For a plot valued at Rs 3,00,000, the registration fee would be Rs 6,000.

Where can I find the Sub Registrar Office for Vedapalayam?

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