Guideline Value for Veeraperumal Iyyangar Street

Veeraperumal Iyyangar Street guideline value

The current guideline value of Veeraperumal Iyyangar Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Commercial Class I Type - I.

How the guideline value of Veeraperumal Iyyangar Street has changed

The guideline value for Veeraperumal Iyyangar Street has seen several revisions over the years. The 2007 revision set the value at Rs 295 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a rise of 171%. However, from 2012 to 2017, the value decreased by 33% to Rs 536 per sq.ft. The 2017 revision then showed a significant increase of 180% to Rs 1,500 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 408%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in the village is Rs 800 per sq.ft, placing Veeraperumal Iyyangar Street's 2024 figure above this median.

• Vellai Chetty Street: Rs 1,500 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 700 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Veeraperumal Iyyangar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is essential to 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 Veeraperumal Iyyangar Street?

The Sub Registrar Office that covers Veeraperumal Iyyangar 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 Uthiramerur

The guideline value plays a crucial role during the registration of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The guideline value ensures that the transaction is recorded at a value that reflects the current market standards set by the registration department.

When buyers and sellers engage in a property transaction, the guideline value serves as a reference point to ensure compliance with local regulations. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Veeraperumal Iyyangar Street?

The current guideline value of Veeraperumal Iyyangar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 295 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, representing an overall increase of 408%.

What is the land classification for Veeraperumal Iyyangar Street?

Veeraperumal Iyyangar Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Veeraperumal Iyyangar Street?

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

How is the stamp duty calculated for properties in Uthiramerur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000.