Guideline Value for Vedapalayam Bajanai Koil Street

Vedapalayam Bajanai Koil Street guideline value

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

How the guideline value of Vedapalayam Bajanai Koil Street has changed

Looking at the revisions, the guideline value for Vedapalayam Bajanai Koil Street has seen several changes over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. From 2017 to 2023, the value increased by 49% back to Rs 300 per sq.ft, and it remained the same in the 2024 revision.

There are no figures available in the register for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged 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, with a median value of Rs 400 per sq.ft. The guideline value of Vedapalayam Bajanai Koil Street is below this median.

• Vedapalayam Bajanai Koil Sandu: 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 Arunachanaickar Street: Rs 300 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 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, totaling Rs 27,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedapalayam Bajanai Koil Street?

The Sub Registrar Office covering 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Vedapalayam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that buyers and sellers must pay.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. It ensures that the property is not undervalued, thereby safeguarding the interests of both the buyer and the government in terms of revenue collection.

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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 300 per sq.ft in both the 2023 and 2024 revisions. It was Rs 201 per sq.ft in 2017, showing a significant increase of 49% to return to Rs 300 per sq.ft.

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

Other streets in Vedapalayam include Vedapalayam Bajanai Koil Sandu, Vedapalayam Bangala Street, Vedapalayam Highways Road Street, Vedapalayam Arunachanaickar Street, Vedapalayam Kalani Madha Koil Street, and Vedapalayam Kalani Raji Street, with guideline values ranging from Rs 200 to Rs 500 per sq.ft.

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

The stamp duty for property in Vedapalayam Bajanai Koil Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Which office handles property registrations in Vedapalayam?

The Uthiramerur Sub Registrar Office handles property registrations in Vedapalayam. It is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.