Guideline Value for V.O.C Nagar

V.O.C Nagar guideline value

The current guideline value of V.O.C Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. The land classification for this area is 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 value at Rs 1,500 per sq.ft, which then dropped to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,600 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing V.O.C Nagar's 2024 figure below that median.

• Voc Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Vinayagam Nagar: Rs 1,600 per sq.ft (2024)
• Villivakkam Road: Rs 2,200 per sq.ft (2024)
• Vijayalakshmi Nagar Extention (Balaraman Ave.): Rs 1,600 per sq.ft (2024)
• Vijaya Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Vetri Nagar: Rs 1,600 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 rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the registration process. This helps maintain transparency and standardization in property transactions.

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 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft in 2024.

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

The land classification for V.O.C Nagar is Residential Class II Type - I.

What are the stamp duty rates in V.O.C Nagar?

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

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

The Sub Registrar 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.