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Guideline Value

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Guideline Value for V.O.C. Street (Kottaimedu)

₹550/sq.ft.

The guideline value for V.o.c. Street (kottaimedu) in Sholavaram village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholavaram

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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. Street (kottaimedu)

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V.O.C. Street (Kottaimedu) guideline value

The current guideline value of V.O.C. Street (Kottaimedu) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sholavaram village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of V.O.C. Street (Kottaimedu) has changed

The guideline value of V.O.C. Street (Kottaimedu) has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 500 per sq.ft in 2012, but then dropped to Rs 335 per sq.ft in 2017. The value rose significantly to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 150%, but then decreased by 33% from 2012 to 2017. The value saw a substantial rise of 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 515 to Rs 3,500 per sq.ft. The median guideline value is Rs 660 per sq.ft, placing V.O.C. Street (Kottaimedu) below this median.

Stamp duty and registration fee for property in V.O.C. Street (Kottaimedu)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total cost of Rs 49,500. 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 details.

Which Sub Registrar Office covers V.O.C. Street (Kottaimedu)?

The Sub Registrar Office that covers V.O.C. Street (Kottaimedu) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sholavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are prepared to pay the applicable stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of V.O.C. Street (Kottaimedu)?

The current guideline value of V.O.C. Street (Kottaimedu) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with several revisions in between, including a drop and subsequent rise in values.

What is the median guideline value in Sholavaram?

The median guideline value in Sholavaram is Rs 660 per sq.ft, which is higher than the current value of V.O.C. Street (Kottaimedu).

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 49,500 in fees.

Which office handles registrations for V.O.C. Street (Kottaimedu)?

The Redhills Sub Registrar Office handles registrations for V.O.C. Street (Kottaimedu), located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.