Guideline Value

Corporate

Guideline Value for V.O.C. 1st Main Road

₹7600/sq.ft.

The guideline value for V.o.c. 1st Main Road in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7600 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹7600 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on V.o.c. 1st Main Road

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V.O.C. 1st Main Road guideline value

The current guideline value of V.O.C. 1st Main Road is Rs 7,600 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village, under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of V.O.C. 1st Main Road has changed

The guideline value for V.O.C. 1st Main Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 3,800 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in the 2012 revision, remaining unchanged until the 2023 revision. In 2023, the value was again Rs 7,000 per sq.ft, but saw an increase of 9% to Rs 7,600 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of V.O.C. 1st Main Road is above this median.

Stamp duty and registration fee for property in V.O.C. 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,600 per sq.ft, the total guideline value amounts to Rs 76,00,000. The stamp duty at 7% would be Rs 5,32,000, and the registration fee at 2% would be Rs 1,52,000, bringing the total cost to Rs 6,84,000. 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 details.

Which Sub Registrar Office covers V.O.C. 1st Main Road?

The Sub Registrar Office that covers V.O.C. 1st Main Road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Kodambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. 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. 1st Main Road?

The current guideline value of V.O.C. 1st Main Road is Rs 7,600 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 3,800 per sq.ft in 2007 to Rs 7,600 per sq.ft in 2024, reflecting an overall increase of 100% over the years.

What are the other streets in Kodambakkam and their guideline values?

Other streets in Kodambakkam include V.O.C. 1st Cross Street at Rs 6,600 per sq.ft, V.N. Janaki Street at Rs 3,300 per sq.ft, and V.O.C. 2nd Main Road also at Rs 7,600 per sq.ft, among others.

What is the stamp duty rate for properties in V.O.C. 1st Main Road?

The stamp duty rate for properties in V.O.C. 1st Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for V.O.C. 1st Main Road?

The Sub Registrar Office for V.O.C. 1st Main Road is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.