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 Vallancheri village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

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. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 800 per sq.ft in the 2023 revision, followed by another rise to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has risen by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 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 rate of Rs 880 per sq.ft, the 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, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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

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

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

The guideline value plays a crucial role during the registration of property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented accurately according to the prevailing rates set by the government. This helps maintain transparency in property transactions.

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 increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification of V.O.C Street (Ward-20)?

V.O.C Street (Ward-20) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the other streets in Vallancheri with their guideline values?

Other streets in Vallancheri include Vivekananthar Street at Rs 660 per sq.ft, Vishnupriya Priya Avenue Ninnakarai at Rs 1,650 per sq.ft, and Yerikkarai Street at Rs 440 per sq.ft, among others.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.