Guideline Value for Dr. Rajendara Prasad Street /VOC Nagar

Dr. Rajendara Prasad Street /VOC Nagar guideline value

The current guideline value of Dr. Rajendara Prasad Street /VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Dr. Rajendara Prasad Street /VOC Nagar has changed

The guideline value for Dr. Rajendara Prasad Street /VOC Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 185 per sq.ft, which increased to Rs 210 per sq.ft in 2003, marking a 14% rise. By 2007, the value had risen to Rs 360 per sq.ft, representing a 71% increase from the previous revision. The 2017 revision saw a substantial jump to Rs 1,675 per sq.ft, which is a 365% increase from 2007. The guideline value further increased to Rs 2,500 per sq.ft in 2023, a 49% rise from 2017.

As of the 2024 revision, the guideline value stands at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets listed under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Dr. Rajendara Prasad Street /VOC Nagar above the median value for 2024.

• Dr.Radhakrishnan Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Dr.Radhakrishnan Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Dr.SatayavaniMuthu Street: Rs 1,760 per sq.ft (2024)
• Dr. Zaheer Hussian Street / Muthamzhai Nagar: Rs 2,475 per sq.ft (2024)
• Dulasingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Durairaj Street /Gandhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Rajendara Prasad Street /VOC 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, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Rajendara Prasad Street /VOC Nagar?

The Sub Registrar Office that covers Dr. Rajendara Prasad Street /VOC 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 more details.

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

The guideline value is an essential factor when buying or selling property in Pammal, as it determines the minimum value at which a property can be registered. The guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers should be aware of the guideline value to ensure compliance with registration requirements and associated costs.

Frequently asked questions

What is the current guideline value of Dr. Rajendara Prasad Street /VOC Nagar?

The current guideline value of Dr. Rajendara Prasad Street /VOC 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 185 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1386%.

What is the land classification for Dr. Rajendara Prasad Street /VOC Nagar?

Dr. Rajendara Prasad Street /VOC Nagar is classified as Commercial Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.