Guideline Value for Vedapalayam Kalani Madha Koil Street

Vedapalayam Kalani Madha Koil Street guideline value

The current guideline value of Vedapalayam Kalani Madha Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village under the Uthiramerur SRO, classified as Residential Class III Type - I.

How the guideline value of Vedapalayam Kalani Madha Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a drop of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 figure. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

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 Kalani Madha Koil Street is below this median.

• Vedapalayam Highways Road Street: Rs 500 per sq.ft (2024)
• Vedapalayam Kalani Raji Street: Rs 200 per sq.ft (2024)
• Vedapalayam Bangala Street: Rs 300 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 200 per sq.ft (2024)
• Vedapalayam Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Vedapalayam Thalayarai Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vedapalayam Kalani Madha Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vedapalayam Kalani Madha Koil Street?

The Sub Registrar Office that covers Vedapalayam Kalani Madha 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 crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vedapalayam, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is important to note that the guideline value is not necessarily the sale price. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can affect the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Vedapalayam Kalani Madha Koil Street?

The current guideline value of Vedapalayam Kalani Madha Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 200 per sq.ft in 2012, decreasing to Rs 134 per sq.ft in 2017, then increasing to Rs 200 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Vedapalayam Kalani Madha Koil Street?

Vedapalayam Kalani Madha Koil Street is classified as Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office for Vedapalayam Kalani Madha Koil Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vedapalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 18,000 in stamp duty and registration fees.