Guideline Value for V.O.C Nagar

V.O.C Nagar guideline value

The current guideline value of V.O.C Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sriperumpudur SRO and is classified as Residential Class II 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 2012 revision set the guideline value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 200 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft, reflecting no change during this period.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO with a guideline value for 2024 ranging from Rs 100 to Rs 1,300 per sq.ft. The median value of these streets is Rs 250 per sq.ft, placing V.O.C Nagar's 2024 figure below this median.

• VIP Nagar: Rs 300 per sq.ft (2024)
• VIP city: Rs 300 per sq.ft (2024)
• Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• VGP Iswarya Nagar: Rs 400 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 250 per sq.ft (2024)
• Tambaram Roja Nagar: Rs 300 per sq.ft (2024)

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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to 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 details.

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

The Sub Registrar Office that covers V.O.C Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property registration in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property in Kolathur, it is essential to be aware of the guideline value, as it directly impacts the overall cost of the transaction. Buyers and sellers should consult the latest figures to ensure compliance with the registration requirements.

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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a previous figure of Rs 134 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of V.O.C Nagar?

V.O.C Nagar is classified as Residential Class II Type - I. This classification is important for determining the permissible uses of the land.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Where can I find the Sub Registrar Office for V.O.C Nagar?

The Sub Registrar Office for V.O.C Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.