Guideline Value for Vedapalayam Highways Road Street

Vedapalayam Highways Road Street guideline value

The current guideline value of Vedapalayam Highways Road Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village under the Uthiramerur SRO, and it is classified as Residential Special Type - II.

How the guideline value of Vedapalayam Highways Road Street has changed

Over the years, the guideline value for Vedapalayam Highways Road Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. In 2017, the value was Rs 335 per sq.ft, marking a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 500 per sq.ft, and the current 2024 revision continues this trend with no change, keeping it at Rs 500 per sq.ft.

Between the revisions, the most significant change occurred from 2017 to 2023, where the value increased by 49%. Notably, the register has no figure for the years 2002, 2003, and 2007 for this street.

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. Vedapalayam Highways Road Street's 2024 figure is above this median.

• Vedapalayam Bangala 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)
• Vedapalayam Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 200 per sq.ft (2024)
• Vedapalayam Bajanai Koil Sandu: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vedapalayam Highways Road Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Highways Road Street?

The Sub Registrar Office that covers Vedapalayam Highways Road 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 crucial factor when registering property transactions in Vedapalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements during the transaction process.

When you buy or sell property, the guideline value helps determine the official value of the property for registration purposes. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vedapalayam Highways Road Street?

The current guideline value of Vedapalayam Highways Road Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the 2012, 2023, and 2024 revisions. It decreased to Rs 335 per sq.ft in 2017, but overall, there has been no change from 2012 to 2024.

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

Other streets in Vedapalayam have varying guideline values ranging from Rs 200 to Rs 300 per sq.ft as per the 2024 revision. For instance, Vedapalayam Bangala Street is Rs 300 per sq.ft, while Vedapalayam Kalani Madha Koil Street is Rs 200 per sq.ft.

What fees are associated with buying property in Vedapalayam Highways Road Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 5,00,000, the total fees would amount to Rs 45,000.

Where can I find the Sub Registrar Office for Vedapalayam?

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