Guideline Value for V O C STREET

V O C Street guideline value

The current guideline value of V O C Street is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of V O C Street has changed

The guideline value for V O C Street has undergone several revisions over the years. In 2012, the value was set at Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 234 per sq.ft. Following that, the value increased significantly to Rs 350 per sq.ft in 2023, and then to Rs 385 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. V O C Street's 2024 guideline value is below this median.

• V O C Cross Street: Rs 385 per sq.ft (2024)
• Vivekanda Nagar Phase -3: Rs 660 per sq.ft (2024)
• West Mada Veedhi: Rs 385 per sq.ft (2024)
• Vip Nagar Phase -V: Rs 660 per sq.ft (2024)
• Vip Nagar Phase - IV: Rs 660 per sq.ft (2024)
• Vip Nagar: Rs 660 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, while the registration fee at 2% would be Rs 7,700. Together, the total cost for stamp duty and registration fee would be Rs 34,650. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V O C Street?

The Sub Registrar Office that covers V O C Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in the registration of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair according to government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of V O C Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

What is the median guideline value in Thirukkachur - 1?

The median guideline value in Thirukkachur - 1 is Rs 660 per sq.ft, while V O C Street's 2024 value is below this median.

What are the stamp duty and registration fees for property in V O C Street?

The stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 34,650.

Which office handles the registration for V O C Street?

The Chengleput Joint II Sub Registrar Office handles the registration for V O C Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.