Guideline Value for V.O.C. Nagar

V.O.C. Nagar guideline value

The current guideline value of V.O.C. Nagar, located in Ayappakkam village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

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

The guideline value for V.O.C. Nagar has seen significant changes over the years. In 2002, the value was Rs 34 per sq.ft, which increased to Rs 60 per sq.ft in 2003, marking a 76% rise. By 2007, the value further escalated to Rs 400 per sq.ft, reflecting an increase of 567%. The 2012 revision brought the value to Rs 1,000 per sq.ft, a substantial 150% increase from 2007. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The 2023 revision saw a rise to Rs 1,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,100 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 3135%. There are no figures available for the revisions of years not listed 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 a median value of Rs 1,300 per sq.ft. The guideline value for V.O.C. Nagar is below this median.

• V.O.C. Cross Street (Jayaram 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. 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, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers V.O.C. 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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This ensures compliance with local regulations and helps in the proper documentation of the property transfer.

Frequently asked questions

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

The current guideline value of V.O.C. 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 significantly from Rs 34 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 3135% over the years.

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

V.O.C. Nagar is classified under Residential Class I Type - II, indicating its suitability for residential development.

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

The Ambattur Sub Registrar Office covers V.O.C. Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in V.O.C. Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 99,000, including stamp duty and registration fees.