Guideline Value for Vengdaperumal Noyidu Street

Vengdaperumal Noyidu Street guideline value

The current guideline value of Vengdaperumal Noyidu 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 Vengdaperumal Noyidu Street has changed

The guideline value for Vengdaperumal Noyidu Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 147 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease of 33% to Rs 536 per sq.ft in the 2017 revision. From 2017 to 2023, the value saw a substantial increase of 180%, reaching Rs 1,500 per sq.ft, which has remained the same in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 920%.

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, with a median value of Rs 800 per sq.ft. Vengdaperumal Noyidu Street's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Vengadaiya Pillai Street: Rs 1,200 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 Vengdaperumal Noyidu 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, leading to a total of 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.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Vengdaperumal Noyidu Street?

The Sub Registrar Office covering Vengdaperumal Noyidu 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 property registration process in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid upon the sale or purchase of a property.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Vengdaperumal Noyidu Street?

The current guideline value of Vengdaperumal Noyidu 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 seen significant changes, increasing from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, representing an overall increase of 920% over the years.

What is the classification of Vengdaperumal Noyidu Street?

Vengdaperumal Noyidu Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty rates for properties in Uthiramerur?

The stamp duty for properties in Uthiramerur is charged at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees of 2% apply as well.

Where can I find the Sub Registrar Office for Vengdaperumal Noyidu Street?

The Uthiramerur Sub Registrar Office covers Vengdaperumal Noyidu Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.