Guideline Value

Corporate

Guideline Value for V.O. C. Nagar.

₹1001/sq.ft.

The guideline value for V.o. C. Nagar. in Menambedu village (Ambattur SRO, Chennai zone) is Rs 1001 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Menambedu

Village

Ambattur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1001 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on V.o. C. Nagar.

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V.O. C. Nagar. guideline value

The current guideline value of V.O. C. Nagar. is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Menambedu village under the Ambattur SRO, classified as Residential Class IV Type - I.

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

The guideline value for V.O. C. Nagar. has seen several revisions over the years. The figures are as follows: in 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. From 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, and the most recent revision in 2024 has it at Rs 1,001 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Overall, the guideline value has increased by 25% from 2012 to 2024. Notably, the change from 2017 to 2023 was an increase of 87%, while the transition from 2012 to 2017 saw a decrease of 33%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing V.O. C. Nagar.'s 2024 figure slightly below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers V.O. C. Nagar. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's assessed value.

When buying or selling property, the guideline value helps to establish a legal framework for the transaction, ensuring that both parties are aware of the financial obligations involved in the registration process. This transparency is vital for maintaining trust and clarity in real estate dealings.

Frequently asked questions

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

The current guideline value of V.O. C. Nagar. is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with significant increases noted between 2017 and 2023.

What is the registration office for V.O. C. Nagar.?

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

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

For a 1,000 sq.ft plot, the guideline value is Rs 10,01,000, with stamp duty at 7% amounting to Rs 70,070 and a registration fee at 2% totaling Rs 20,020, making the total Rs 90,090.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which assesses property values based on various factors, including land classification and location.