Guideline Value for V.O.C Street (Venkatapuram)

V.O.C Street (Venkatapuram) guideline value

The current guideline value of V.O.C Street (Venkatapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for V.O.C Street (Venkatapuram) has seen several revisions over the years. In 2012, the value was Rs 3,300 per sq.ft, which decreased to Rs 2,211 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,300 per sq.ft. The latest revision in 2024 saw another increase of 9%, resulting in the current value of Rs 3,600 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from 2012 to 2024 is an increase of 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which is the same as the guideline value for V.O.C Street (Venkatapuram).

• V.O.C. Street (M.K.B. nagar): Rs 2,200 per sq.ft (2024)
• Vivek Nagar Varathammal Street: Rs 5,100 per sq.ft (2024)
• Vivek Nagar Ramasamy Mudali Street: Rs 5,100 per sq.ft (2024)
• Vivek Nagar: Rs 5,100 per sq.ft (2024)
• West park Street (Venkatapuram): Rs 5,100 per sq.ft (2024)
• Vinobaji Street: Rs 3,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total cost for these fees Rs 3,24,000. 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 more details.

Which Sub Registrar Office covers V.O.C Street (Venkatapuram)?

The Sub Registrar Office that covers V.O.C Street (Venkatapuram) 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 Ambattur

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of V.O.C Street (Venkatapuram) is Rs 3,600 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 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 3,300 in 2012 to Rs 2,211 in 2017.

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

The land classification for V.O.C Street (Venkatapuram) is Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for V.O.C Street (Venkatapuram) 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 Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 36,00,000, the stamp duty at 7% would be Rs 2,52,000.