Guideline Value for V.O.C Street

V.O.C Street guideline value

The current guideline value of V.O.C Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

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 150 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a decrease to Rs 100 per sq.ft, a drop of 33% from the previous figure. The 2024 revision has reinstated the guideline value to Rs 150 per sq.ft, resulting in no change from the 2023 revision.

Overall, from 2012 to 2024, the guideline value has remained constant at Rs 150 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 1,181 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, placing V.O.C Street's 2024 figure below that median.

• Vignesh Nagar: Rs 200 per sq.ft (2024)
• Thriuveethiamman Street: Rs 150 per sq.ft (2024)
• Thirumallai Nayakar Street: Rs 150 per sq.ft (2024)
• Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop): Rs 441 per sq.ft (2024)
• Teachers Chennai Fair Land: Rs 300 per sq.ft (2024)
• Sri Saravana Nagar: Rs 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees together Rs 13,500. 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 more detailed calculations.

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

The Sub Registrar Office that covers V.O.C Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Malaipattu. It serves as a benchmark for determining the value of the property, ensuring that the appropriate stamp duty and registration fees are applied based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to consider the guideline value, as it directly influences the costs associated with the registration process. Buyers and sellers should be aware of the current guideline value to avoid any unexpected expenses during the transaction.

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 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, and then returning to Rs 150 per sq.ft in 2024.

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

V.O.C Street is classified as Residential Class IV Type - I.

Are there other streets with different guideline values in Malaipattu?

Yes, there are several other streets in Malaipattu with varying guideline values, ranging from Rs 150 to Rs 1,181 per sq.ft.

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

The Sub Registrar Office for V.O.C Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.