Guideline Value for V.O.C STREET (KOD)

V.O.C Street (Kod) guideline value

The current guideline value of V.O.C Street (Kod) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

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

The guideline value for V.O.C Street (Kod) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then decreased to Rs 402 per sq.ft in the 2017 revision. This marked a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for V.O.C Street (Kod). Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,510 per sq.ft. The median value for these streets is Rs 660 per sq.ft, which is the same as the current guideline value for V.O.C Street (Kod).

• Yerikkarai Street (Ward -9): Rs 550 per sq.ft (2024)
• Vanchinathan Nagar (Kod): Rs 660 per sq.ft (2024)
• T.N.H.B.Coodalur Village (Ward -9): Rs 825 per sq.ft (2024)
• Thirumalai Premimum County (Ward -9): Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar: Rs 660 per sq.ft (2024)
• Thirukural Nagar (Kod): Rs 660 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. 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 Street (Kod)?

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

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

The guideline value plays a crucial role in property transactions in Goodaloor. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for all parties involved in a transaction to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of V.O.C Street (Kod)?

The current guideline value of V.O.C Street (Kod) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for V.O.C Street (Kod)?

V.O.C Street (Kod) is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property on V.O.C Street (Kod)?

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200, and the registration fee is Rs 13,200, totaling Rs 59,400 for these fees.

Where is the Sub Registrar Office for V.O.C Street (Kod)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.