Guideline Value for Vedapalayam Kalani Raji Street

Vedapalayam Kalani Raji Street guideline value

The current guideline value of Vedapalayam Kalani Raji 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 Raji Street has changed

The guideline value for Vedapalayam Kalani Raji Street has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, showing a 49% rise from the previous figure. The 2024 revision maintains this value at Rs 200 per sq.ft, reflecting no change from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with a total change of 0%.

Guideline values in Vedapalayam

In Vedapalayam village, 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 for Vedapalayam Kalani Raji Street is below this median.

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

Stamp duty and registration fee for property in Vedapalayam Kalani Raji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 18,000. Please 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 Kalani Raji Street?

The Sub Registrar Office that covers Vedapalayam Kalani Raji 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 Vedapalayam

When buying or selling property in Vedapalayam, the guideline value plays a crucial role in determining the registration fees. Buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately.

Understanding the guideline value is essential for both buyers and sellers as it reflects the minimum value at which properties can be registered. This helps in maintaining transparency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Vedapalayam Kalani Raji Street?

The current guideline value of Vedapalayam Kalani Raji 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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification of Vedapalayam Kalani Raji Street?

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

What are the registration fees based on the guideline value?

The registration fees are 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 fees.

Where can I find the Sub Registrar Office for Vedapalayam Kalani Raji Street?

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