Guideline Value for Cholan Nagar V.O.C. Street

Cholan Nagar V.O.C. Street guideline value

The current guideline value of Cholan Nagar V.O.C. Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Cholan Nagar V.O.C. Street has changed

The guideline value for Cholan Nagar V.O.C. Street has seen revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,600 per sq.ft, marking a change of +7% from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. Therefore, the only revisions reflected are from 2012 and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that Cholan Nagar V.O.C. Street's 2024 figure is below the median.

• Cholan Nagar Vevakanada Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Vanjinathan Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Thiru-ve-ka Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Pillayarkoil Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Mariyamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Karikalan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar V.O.C. Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that 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 accurate calculations based on your property.

Which Sub Registrar Office covers Cholan Nagar V.O.C. Street?

The Sub Registrar Office that covers Cholan Nagar V.O.C. Street is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

During the registration of a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cholan Nagar V.O.C. Street?

The current guideline value of Cholan Nagar V.O.C. Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, which is a +7% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Cholan Nagar V.O.C. Street?

The Ambattur Sub Registrar Office handles the registration for Cholan Nagar V.O.C. Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum value for property registration, ensuring that all transactions are recorded accurately. It also influences the calculation of stamp duty and registration fees during the buying or selling of properties.