Guideline Value for Vedapalayam Bajanai Koil Street

Vedapalayam Bajanai Koil Street guideline value

The current guideline value of Vedapalayam Bajanai Koil Street is Rs 900 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for Vedapalayam Bajanai Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, in 2017, the value dropped to Rs 603 per sq.ft, a decrease of 33%. The value remained at Rs 900 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 800%, reflecting significant changes over the years.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that have 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. Vedapalayam Bajanai Koil Street's 2024 figure of Rs 900 per sq.ft is above this median.

• Vedapalayam Bajanai Koil Sandhu: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to note that the 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 Bajanai Koil Street?

The Sub Registrar Office that covers Vedapalayam Bajanai Koil 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 a crucial factor when registering property transactions in Uthiramerur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately for taxation purposes.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thus providing a clear framework for property transactions.

Frequently asked questions

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

The current guideline value of Vedapalayam Bajanai Koil Street 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 from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and remained at Rs 900 per sq.ft in 2023 and 2024.

What is the land classification for Vedapalayam Bajanai Koil Street?

Vedapalayam Bajanai Koil Street is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located for this street?

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

How is stamp duty calculated for properties in Vedapalayam Bajanai Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000, leading to a stamp duty of Rs 63,000.