Guideline Value for Vengadaiya Pillai Street

Vengadaiya Pillai Street guideline value

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

How the guideline value of Vengadaiya Pillai Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 147 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012, marking a rise of 716%. The value then dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. However, from 2017 to 2023, it increased by 49% back to Rs 1,200 per sq.ft, a figure that remained unchanged in the 2024 revision.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 716%.

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 Vengadaiya Pillai Street's 2024 figure above this median.

• Vengdaperumal Noyidu Street: Rs 1,500 per sq.ft (2024)
• Vellai Chetty Street: Rs 1,500 per sq.ft (2024)
• Veeraperumal Iyyangar 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)

Stamp duty and registration fee for property in Vengadaiya Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 Vengadaiya Pillai Street?

The Sub Registrar Office that covers Vengadaiya Pillai 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 is a crucial factor in the registration process of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value serves as the baseline for calculating these fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Vengadaiya Pillai Street?

The current guideline value of Vengadaiya Pillai Street is Rs 1,200 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 147 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Vengadaiya Pillai Street?

For a property with a guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office manages registrations for Vengadaiya Pillai Street?

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

What is the land classification of Vengadaiya Pillai Street?

Vengadaiya Pillai Street is classified as Residential Special Type - I, indicating its suitability for residential development within the Uthiramerur area.