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Guideline Value

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Guideline Value for V.O.C. 4th Cross Street (4th Street)

₹6600/sq.ft.

The guideline value for V.o.c. 4th Cross Street (4th 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. 4th Cross Street (4th Street)

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V.O.C. 4th Cross Street (4th Street) guideline value

The current guideline value of V.O.C. 4th Cross Street (4th Street) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of V.O.C. 4th Cross Street (4th Street) has changed

The guideline value for V.O.C. 4th Cross Street has seen several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 1,210 per sq.ft. This figure increased significantly to Rs 6,000 per sq.ft in 2012, marking a change of +396%. The value remained unchanged at Rs 6,000 per sq.ft until the 2023 revision, when it increased to Rs 6,600 per sq.ft, reflecting a +10% change.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, the guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, which is a total increase of +445% over this period.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing V.O.C. 4th Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in V.O.C. 4th Cross Street (4th 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, charged at 7%, would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000 for these fees. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.O.C. 4th Cross Street (4th Street)?

The Sub Registrar Office that covers V.O.C. 4th Cross 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 details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the fees are based on a standardized valuation of the property rather than the negotiated sale price. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of V.O.C. 4th Cross Street?

The current guideline value of V.O.C. 4th Cross Street (4th 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, showing an overall increase of +445% over this period.

What is the land classification for V.O.C. 4th Cross Street?

The land classification for V.O.C. 4th Cross Street is Residential Class II Type - II.

Which office handles property registrations for this street?

The Ashok Nagar Sub Registrar Office handles property registrations for V.O.C. 4th Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in V.O.C. 4th Cross Street?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value or the sale price, whichever is higher.