Guideline Value for Vedapalayam Thalayarai Street

Vedapalayam Thalayarai Street guideline value

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

How the guideline value of Vedapalayam Thalayarai 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, reflecting a drop of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The current guideline value remains at Rs 200 per sq.ft as per the 2024 revision, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Vedapalayam Thalayarai Street's 2024 figure below that median.

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

Stamp duty and registration fee for property in Vedapalayam Thalayarai 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 fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vedapalayam Thalayarai Street?

The Uthiramerur Sub Registrar Office covers Vedapalayam Thalayarai Street. The office is 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 the registration process of property transactions in Vedapalayam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vedapalayam Thalayarai Street?

The current guideline value of Vedapalayam Thalayarai 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 changes, with a decrease in 2017 to Rs 134 per sq.ft, followed by an increase back to Rs 200 per sq.ft in 2023 and remaining the same in 2024.

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

Other streets in Vedapalayam include Vedapalayam Pandara Street, Vedapalayam Kalani Raji Street, and Vedapalayam Highways Road Street, with guideline values ranging from Rs 200 to Rs 500 per sq.ft in 2024.

How is stamp duty calculated for properties in Vedapalayam Thalayarai Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a stamp duty of Rs 14,000.

Which office handles property registrations in Vedapalayam?

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