Guideline Value for V.O.C. Cross Street (Jayaram nagar)

V.O.C. Cross Street (Jayaram nagar) guideline value

The current guideline value of V.O.C. Cross Street (Jayaram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of V.O.C. Cross Street (Jayaram nagar) has changed

The guideline value for V.O.C. Cross Street (Jayaram nagar) has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft by 2017. The value saw a substantial rise to Rs 1,000 per sq.ft in 2023, and the most recent revision for 2024 set it at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with the median value at Rs 1,300 per sq.ft. The guideline value of V.O.C. Cross Street (Jayaram nagar) is below this median.

• V.O.C. Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C.nagar 1st street: Rs 1,100 per sq.ft (2024)
• V.O.C. nagar 2nd street: Rs 1,100 per sq.ft (2024)
• Vivek Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C. Street (Iyappa nagar): Rs 1,700 per sq.ft (2024)
• V.O.C. Street (Jayaram nagar): Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. Please 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. Cross Street (Jayaram nagar)?

The Sub Registrar Office that covers V.O.C. Cross Street (Jayaram nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayappakkam. It serves as the benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property. This value ensures that the government receives appropriate revenue from property transactions.

When selling a property, the guideline value also plays a significant role. Sellers must be aware of the current guideline value to set a fair price for their property, as it impacts the overall transaction process and the fees involved.

Frequently asked questions

What is the current guideline value of V.O.C. Cross Street (Jayaram nagar)?

The current guideline value of V.O.C. Cross Street (Jayaram nagar) 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 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 175% over the years.

What is the stamp duty for property in V.O.C. Cross Street (Jayaram nagar)?

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

Where is the Sub Registrar Office for V.O.C. Cross Street (Jayaram nagar)?

The Sub Registrar Office for V.O.C. Cross Street (Jayaram nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of V.O.C. Cross Street (Jayaram nagar)?

V.O.C. Cross Street (Jayaram nagar) falls under the Residential Class I Type - II land classification.