Guideline Value for Vedapalayam Bangala Street

Vedapalayam Bangala Street guideline value

The current guideline value of Vedapalayam Bangala Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Vedapalayam Bangala Street has changed

The guideline value for Vedapalayam Bangala Street has seen several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, it dropped to Rs 603 per sq.ft in 2017, a decrease of 33%. The value remained unchanged at Rs 900 per sq.ft in both 2023 and 2024, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 800%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry 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. The guideline value of Vedapalayam Bangala Street is above this median.

• Vedapalayam Bajanai Koil Street: Rs 900 per sq.ft (2024)
• Vedapalayam Bajanai Koil Sandhu: 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 Bangala 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 duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedapalayam Bangala Street?

The Sub Registrar Office that covers Vedapalayam Bangala 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 further assistance.

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

The guideline value is a crucial factor when registering property in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell a property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vedapalayam Bangala Street?

The current guideline value of Vedapalayam Bangala 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 both 2023 and 2024.

What are the stamp duty and registration fees for property in Vedapalayam Bangala Street?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers Vedapalayam Bangala Street?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees. Buyers should consider the guideline value as it influences the overall cost of property transactions.