Guideline Value for V.O.C Street

V.O.C Street guideline value

The current guideline value of V.O.C Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value of V.O.C Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a significant increase to Rs 1,500 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. V.O.C Street is one of the streets in the area, and there are no other streets in Vandalur under the Gooduvancheri SRO listed.

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 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or 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?

The Sub Registrar Office that covers V.O.C Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property being transacted. This helps maintain transparency and standardization in property transactions.

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 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 550 per sq.ft to Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and then returned to Rs 1,500 per sq.ft in 2023.

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

The land classification for V.O.C Street is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

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

The stamp duty for properties in V.O.C Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000, leading to a stamp duty of Rs 1,05,000.