Guideline Value for V.O.C Street (S.No.69)

V.O.C Street (S.No.69) guideline value

The current guideline value of V.O.C Street (S.No.69) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class IV Type - II.

How the guideline value of V.O.C Street (S.No.69) has changed

The guideline value for V.O.C Street (S.No.69) has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2017 to 2023, there was a significant increase of 49%, while the revision from 2012 to 2017 saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. V.O.C Street (S.No.69) is below this median.

• V.O.C.Street Ram Nagar: Rs 2,400 per sq.ft (2024)
• V.O.C.Street V.L.Puram: Rs 2,400 per sq.ft (2024)
• V.O.C.Street (A.K.A.Nagar): Rs 1,400 per sq.ft (2024)
• V.V.Giri Street: Rs 2,400 per sq.ft (2024)
• V.K.Menon Street: Rs 2,400 per sq.ft (2024)
• Viyasar Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C Street (S.No.69)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or 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 (S.No.69)?

The Sub Registrar Office that covers V.O.C Street (S.No.69) 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 Oragadam

The guideline value is an essential factor during the registration of property transactions in Oragadam. It serves as a reference point 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 considered to ensure that the government receives the appropriate revenue from the transaction. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of V.O.C Street (S.No.69)?

The current guideline value of V.O.C Street (S.No.69) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for V.O.C Street (S.No.69)?

V.O.C Street (S.No.69) is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for V.O.C Street (S.No.69)?

The Sub Registrar Office for V.O.C Street (S.No.69) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in V.O.C Street (S.No.69)?

The stamp duty for properties in V.O.C Street (S.No.69) is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 77,000.