Guideline Value for Sundarvadivelu Street / VOC Nagar

Sundarvadivelu Street / VOC Nagar guideline value

The current guideline value of Sundarvadivelu 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 Sundarvadivelu Street / VOC Nagar has changed

The guideline value for Sundarvadivelu 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 jumped to Rs 360 per sq.ft, a substantial increase of 71%. The 2017 revision saw the guideline value reach Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from 2007. The value continued to rise, reaching Rs 2,500 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for Sundarvadivelu Street / VOC Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1386%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, 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 Sundarvadivelu Street / VOC Nagar above this median.

• Sundaram Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Surikulum: Rs 1,760 per sq.ft (2024)
• Suryamman Koil Street: Rs 1,760 per sq.ft (2024)
• Swaminathan Nagar (All Streets): Rs 1,870 per sq.ft (2024)
• Swami Vivekanadar Street: Rs 1,760 per sq.ft (2024)
• T.Durairaj Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarvadivelu 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, making the total cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundarvadivelu Street / VOC Nagar?

The Sub Registrar Office that covers Sundarvadivelu 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

It is essential for buyers and sellers to understand that the guideline value is set by the government and is subject to periodic revisions. This value helps maintain transparency in property transactions and ensures that the fees are calculated based on a standardized rate.

Frequently asked questions

What is the current guideline value of Sundarvadivelu Street / VOC Nagar?

The current guideline value of Sundarvadivelu Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How 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, reflecting an overall increase of 1386% over this period.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Sundarvadivelu Street / VOC Nagar being above this median at Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for property in Sundarvadivelu Street / VOC Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Sundarvadivelu Street / VOC Nagar?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles property registrations for Sundarvadivelu Street / VOC Nagar.