Guideline Value for V.O.C STREET

V.O.C Street guideline value

The current guideline value of V.O.C Street in Chengalpattu Natham village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - III.

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

The guideline value for V.O.C Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,345 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, marking a 49% rise. The latest revision in 2024 raised the guideline value to Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning V.O.C Street's 2024 figure above this median.

• V.P. Singh Nagar: Rs 1,100 per sq.ft (2024)
• Ward No -4: Rs 1,650 per sq.ft (2024)
• Writer Sabapathy Street Ward-4: Rs 1,650 per sq.ft (2024)
• Vip Nagar: Rs 2,200 per sq.ft (2024)
• Veerabathira Chetty Street- Ward-4: Rs 1,650 per sq.ft (2024)
• Vedhappar Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office covering V.O.C Street 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should always refer to the latest guideline value to understand their financial obligations during registration.

Frequently asked questions

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

The current guideline value of V.O.C Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, showing a 10% increase. From 2017 to 2023, it increased by 49% from Rs 2,345 per sq.ft to Rs 3,500 per sq.ft.

What are the other streets in Chengalpattu Natham?

Other streets in Chengalpattu Natham include V.P. Singh Nagar, Ward No -4, Writer Sabapathy Street Ward-4, Vip Nagar, Veerabathira Chetty Street- Ward-4, and Vedhappar Street, with varying guideline values.

What is the registration fee for property in V.O.C Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 38,50,000, the registration fee would be Rs 77,000.

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

The Sub Registrar Office for V.O.C Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.