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Guideline Value

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Guideline Value for V.O.C. 2nd Cross Street (2nd Street)

₹6600/sq.ft.

The guideline value for V.o.c. 2nd Cross Street (2nd Street) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1210 /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. 2nd Cross Street (2nd Street)

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V.O.C. 2nd Cross Street (2nd Street) guideline value

The current guideline value for V.O.C. 2nd Cross Street (2nd Street) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of V.O.C. 2nd Cross Street (2nd Street) has changed

The guideline value for V.O.C. 2nd Cross Street (2nd Street) has undergone several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in both the 2012 and 2023 revisions. The 2024 revision has raised the value further to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 445%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in the area is Rs 4,900 per sq.ft, positioning V.O.C. 2nd Cross Street (2nd Street) above this median.

Stamp duty and registration fee for property in V.O.C. 2nd Cross Street (2nd Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. 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 detailed calculations.

Which Sub Registrar Office covers V.O.C. 2nd Cross Street (2nd Street)?

The Sub Registrar Office that covers V.O.C. 2nd Cross Street (2nd Street) 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

When buying or selling property in Kodambakkam, the guideline value is a critical factor as it determines the minimum value at which properties can be registered. This value is used by the registration department to calculate stamp duty and registration fees, ensuring that all transactions adhere to the legal framework set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The guideline value can vary significantly between different streets, so understanding the specific value for a property is crucial for accurate financial planning.

Frequently asked questions

What is the current guideline value for V.O.C. 2nd Cross Street (2nd Street)?

The current guideline value for V.O.C. 2nd Cross Street (2nd Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 445% over the years.

What is the stamp duty for properties in V.O.C. 2nd Cross Street (2nd Street)?

The stamp duty for properties in V.O.C. 2nd Cross Street (2nd Street) is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for V.O.C. 2nd Cross Street (2nd Street)?

The Ashok Nagar Sub Registrar Office handles registrations for V.O.C. 2nd Cross Street (2nd Street), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with V.O.C. 2nd Cross Street (2nd Street) being above this median at Rs 6,600 per sq.ft.