Guideline Value for V.O.C STREET

V.O.C Street guideline value

The current guideline value of V.O.C Street in Navaloor village, under the Thiruporur SRO, is Rs 1,400 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class II Type - I.

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

Over the years, the guideline value of V.O.C Street has seen significant changes. In the 2007 revision, the guideline value was Rs 475 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, there was a decline to Rs 670 per sq.ft in the 2017 revision. The most recent revision in 2023 saw a substantial increase to Rs 1,400 per sq.ft, marking a 109% rise from the 2017 figure.

Looking at the overall changes from 2007 to 2023, there has been a remarkable increase of 195%. The revisions from 2002 and 2003 have no figures available for this street, and thus, cannot be compared.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor. V.O.C Street stands out with its current guideline value of Rs 1,400 per sq.ft.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The V.O.C Street is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information on how to find your SRO.

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

When buying or selling property in Navaloor, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a benchmark for property transactions in the area.

During the registration process, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the region.

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 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, marking an overall increase of 195% over the years.

What is the stamp duty rate for properties in V.O.C Street?

The stamp duty rate for properties in V.O.C Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there a guideline value for other streets in Navaloor?

Currently, there are no specific guideline values provided for other streets in Navaloor. V.O.C Street is the only street with a defined guideline value at this time.