Guideline Value for V.O.C. Nagar Annexe

V.O.C. Nagar Annexe guideline value

The current guideline value of V.O.C. Nagar Annexe is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Chikkarayapuram village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

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

The guideline value for V.O.C. Nagar Annexe has seen significant changes over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in 2012, marking a rise of 600%. However, it decreased to Rs 938 per sq.ft in the 2017 revision, a decline of 33%. The value then surged to Rs 1,800 per sq.ft in 2023, showing a substantial increase of 92%. The latest revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

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 890%.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is equal to the 2024 figure for V.O.C. Nagar Annexe.

• V.O.C. Nagar: Rs 1,980 per sq.ft (2024)
• VLC REHOBOTH NAGAR known as BRINDHAVANAM GARDEN: Rs 2,090 per sq.ft (2024)
• Thillai Nataraja Nagar: Rs 1,760 per sq.ft (2024)
• Thangam Avenue Phase II: Rs 1,760 per sq.ft (2024)
• Sushilammal Nagar: Rs 1,980 per sq.ft (2024)
• Sunder Avenue Annexe: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers V.O.C. Nagar Annexe?

The Sub Registrar Office that covers V.O.C. Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chikkarayapuram. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value at the time of the transaction.

Frequently asked questions

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

The current guideline value of V.O.C. Nagar Annexe is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over the years.

What is the land classification for V.O.C. Nagar Annexe?

V.O.C. Nagar Annexe is classified as Mixed Special Type - I, which indicates its intended use and development potential.

What are the stamp duty rates for properties in V.O.C. Nagar Annexe?

The stamp duty rate for properties in V.O.C. Nagar Annexe is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same.

Where can I find the Sub Registrar Office for V.O.C. Nagar Annexe?

The Sub Registrar Office for V.O.C. Nagar Annexe is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by visiting the relevant link.