Guideline Value for V.O.C Street

V.O.C Street guideline value

The current guideline value of V.O.C Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

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

In the 2007 revision, the guideline value for V.O.C Street was Rs 320 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The 2023 revision saw it rise to Rs 1,000 per sq.ft, and the latest 2024 revision has set it at Rs 1,100 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2024, the overall increase in the guideline value is 244%. The change from 2023 to 2024 is an increase of 10%, while the increase from 2017 to 2023 is 49%. The value saw a decrease of 33% from 2012 to 2017, and a substantial increase of 213% from 2007 to 2012.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current guideline value of V.O.C Street.

• V.M. Nagar: Rs 1,650 per sq.ft (2024)
• Vivekanadha Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha lind Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha lIIrd Street: Rs 1,320 per sq.ft (2024)
• Vivekanadha Ist Street: Rs 1,320 per sq.ft (2024)
• West tank street: Rs 1,650 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 rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering V.O.C Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is important for buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What are the stamp duty rates for properties on V.O.C Street?

The stamp duty for properties on V.O.C Street is charged at 7% of the guideline value or sale price, whichever is higher.

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 No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What other streets have guideline values in Thiruvallur?

Other streets in Thiruvallur include V.M. Nagar at Rs 1,650 per sq.ft, Vivekanadha Street at Rs 1,320 per sq.ft, and several others, with values ranging from Rs 550 to Rs 3,850 per sq.ft.