Guideline Value for Vedapalayam Pandara Street

Vedapalayam Pandara Street guideline value

The current guideline value of Vedapalayam Pandara Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vedapalayam Pandara Street has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly in the 2012 revision to Rs 700 per sq.ft, marking a 600% rise. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, reflecting a decrease of 33%. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

The guideline value has seen an overall increase of 600% from 2007 to 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

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. The median guideline value for these streets is Rs 800 per sq.ft, placing Vedapalayam Pandara Street's 2024 figure below this median.

• Vedapalayam Bangala Street: Rs 900 per sq.ft (2024)
• Vedapalayam Bajanai Koil Street: Rs 900 per sq.ft (2024)
• Vedapalayam Bajanai Koil Sandhu: Rs 900 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 Pandara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vedapalayam Pandara Street?

The Sub Registrar Office that covers Vedapalayam Pandara 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 Uthiramerur

The guideline value plays a crucial role during property registration in Uthiramerur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to accurately estimate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Vedapalayam Pandara Street?

The current guideline value of Vedapalayam Pandara Street is Rs 700 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 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Vedapalayam Pandara Street?

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

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, these fees would total Rs 63,000.

Which office handles registrations for Vedapalayam Pandara Street?

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