Guideline Value for Vettaikarapalayam

Vettaikarapalayam guideline value

The current guideline value of Vettaikarapalayam, located in Eraiyur village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Vettaikarapalayam has changed

The guideline value for Vettaikarapalayam has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in the 2017 revision, marking a -33% change. The 2023 revision maintained the figure at Rs 200 per sq.ft, and the 2024 revision also holds the same value of Rs 200 per sq.ft, resulting in no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of +49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with the median being Rs 200 per sq.ft. Vettaikarapalayam's 2024 figure is equal to this median.

• Vikramarajasingapuram: Rs 300 per sq.ft (2024)
• Vikramarajasingapuram Part - II: Rs 300 per sq.ft (2024)
• Vasanthapuram: Rs 200 per sq.ft (2024)
• Vallikattamman Koil Street: Rs 200 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vettaikarapalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be 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 the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vettaikarapalayam?

The Sub Registrar Office that covers Vettaikarapalayam is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Eraiyur

The guideline value plays a crucial role in the registration of properties in Eraiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This helps maintain transparency in property transactions and ensures that all parties are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Vettaikarapalayam?

The current guideline value of Vettaikarapalayam 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 various revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. It was Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Vettaikarapalayam?

The Sriperumpudur Sub Registrar Office handles property registrations for Vettaikarapalayam. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined in Eraiyur?

The guideline value in Eraiyur is determined based on various factors, including land classification and the values of other streets in the area. The current guideline value serves as a benchmark for property transactions and registration fees.