Guideline Value for V.O.C. Nagar All Street

V.O.C. Nagar All Street guideline value

The current guideline value of V.O.C. Nagar All Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Kathivakkam village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

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

The guideline value of V.O.C. Nagar All Street has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant rise of 300%. However, in 2017, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and it has remained the same in the 2024 revision at Rs 1,001 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 401%.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value is Rs 1,001 per sq.ft, which matches the value of V.O.C. Nagar All Street.

• Vinayagar Koil Street: Rs 1,001 per sq.ft (2024)
• Village Street: Rs 1,001 per sq.ft (2024)
• Ulaganathanpuram: Rs 1,000 per sq.ft (2024)
• Thiruvalluvar Nagar / Street/Cross Streets: Rs 1,100 per sq.ft (2024)
• Thilagar Nagar /Streets: Rs 1,001 per sq.ft (2024)
• Thalanguppam Road/Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C. Nagar All Street

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. 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. Nagar All Street?

The V.O.C. Nagar All Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kathivakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of V.O.C. Nagar All Street?

The current guideline value of V.O.C. Nagar All Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting a total increase of 401% over the years.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,01,000, the total fees would amount to Rs 90,090.

Which office handles property registration in this area?

The Thiruvottiyur Sub Registrar Office handles property registration for V.O.C. Nagar All Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value in Kathivakkam?

The median guideline value in Kathivakkam is Rs 1,001 per sq.ft, which is the same as the guideline value for V.O.C. Nagar All Street.