Guideline Value for utchimedu

Utchimedu guideline value

The current guideline value of Utchimedu, located in Vayaloor village under the Sunguvarchattram SRO, is Rs 105 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Utchimedu has changed

The guideline value for Utchimedu has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. The value then increased significantly to Rs 100 per sq.ft in 2023, followed by a further increase to Rs 105 per sq.ft in the 2024 revision.

Notably, the changes between revisions show a +49% increase from 2017 to 2023 and a +5% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a +5% change. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vayaloor

In Vayaloor, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 105 to Rs 155 per sq.ft, with a median value of Rs 105 per sq.ft. The guideline value for Utchimedu aligns with this median.

• Vayaloor North Street: Rs 126 per sq.ft (2024)
• Vayaloor South Street: Rs 126 per sq.ft (2024)
• Surakapuram Perumal Kovil Street: Rs 105 per sq.ft (2024)
• Surakapuram Nadu Street: Rs 105 per sq.ft (2024)
• Surakapuram Melandai Street: Rs 105 per sq.ft (2024)
• Surakapuram irular Colony: Rs 105 per sq.ft (2024)

Stamp duty and registration fee for property in Utchimedu

For a 1,000 sq.ft plot at the current guideline value of Rs 105 per sq.ft, the total guideline value amounts to Rs 1,05,000. The stamp duty at 7% would be Rs 7,350, and the registration fee at 2% would be Rs 2,100, bringing the total charges to Rs 9,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Utchimedu?

The Sub Registrar Office that covers Utchimedu is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vayaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This means that buyers and sellers must be aware of the current guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Utchimedu?

The current guideline value of Utchimedu is Rs 105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 105 per sq.ft in 2024.

What is the land classification for Utchimedu?

Utchimedu is classified as Residential Class III Type - I, which indicates the type of development and usage permitted in the area.

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

For a property valued at Rs 1,05,000, the stamp duty is Rs 7,350 and the registration fee is Rs 2,100, totaling Rs 9,450. These fees are based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Utchimedu?

The Sub Registrar Office for Utchimedu is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information about your SRO online.