Guideline Value for Aravindar Street (V.O.C.Nagar)

Aravindar Street (V.O.C.Nagar) guideline value

The current guideline value of Aravindar Street (V.O.C.Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Aravindar Street (V.O.C.Nagar) has changed

The guideline value for Aravindar Street (V.O.C.Nagar) has seen significant changes over the years. In 2002, the guideline value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a rise of 13%. The value further increased to Rs 260 per sq.ft in 2007, a change of 25%. After that, the value saw a substantial jump to Rs 1,675 per sq.ft in 2017, reflecting an increase of 544%. The next revision in 2023 set the value at Rs 2,500 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, representing a 10% increase.

It is important to note that there is no figure available for Aravindar Street (V.O.C.Nagar) in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,395%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Aravindar Street (V.O.C.Nagar) above this median.

• Argeeswarar Colony 1st Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 2nd Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 3rd Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 4th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 5th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 6th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Aravindar Street (V.O.C.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. It is important 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 more information.

Which Sub Registrar Office covers Aravindar Street (V.O.C.Nagar)?

The Sub Registrar Office that covers Aravindar Street (V.O.C.Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline and the sale price. This ensures that the appropriate fees are collected based on the property's worth.

Frequently asked questions

What is the current guideline value of Aravindar Street (V.O.C.Nagar)?

The current guideline value of Aravindar Street (V.O.C.Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 184 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,395%.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Aravindar Street (V.O.C.Nagar) positioned above this median.

What are the stamp duty and registration fees for properties in Aravindar Street (V.O.C.Nagar)?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, with a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Aravindar Street (V.O.C.Nagar)?

The Sub Registrar Office covering Aravindar Street (V.O.C.Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.