Guideline Value for V.O.C STREET (WARD-20)

V.O.C Street (Ward-20) guideline value

The current guideline value of V.O.C Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of V.O.C Street (Ward-20) has changed

The guideline value for V.O.C Street has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows an increase of 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, placing V.O.C Street's 2024 figure above this median.

• Vivekananthar Street (Ward-21): Rs 660 per sq.ft (2024)
• Vishnupriya Priya Avenue Ninnakarai: Rs 1,650 per sq.ft (2024)
• Yerikkarai Street (Ward -1): Rs 440 per sq.ft (2024)
• Viknarajapuram Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Vijayalakshmi Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.O.C Street (Ward-20)?

The Sub Registrar Office that covers V.O.C Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process of property transactions in Konathi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it influences the overall cost of the transaction. Accurate knowledge of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of V.O.C Street (Ward-20)?

The current guideline value of V.O.C Street (Ward-20) is Rs 880 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 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

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

V.O.C Street falls under the Residential Class I Type - II land classification.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for properties in V.O.C Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 8,80,000, the stamp duty would be Rs 61,600.