Guideline Value for V.O.C. Street 2st cross street

V.O.C. Street 2st cross street guideline value

The current guideline value of V.O.C. Street 2st cross street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of V.O.C. Street 2st cross street has changed

Over the years, the guideline value for V.O.C. Street 2st cross street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following that, there was a significant increase to Rs 1,200 per sq.ft in 2023, and the current value is Rs 1,320 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, there was a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing V.O.C. Street 2st cross street below this median.

• V.O.C. Street 1st cross street: Rs 1,320 per sq.ft (2024)
• V.O.C. Street 3st cross street: Rs 1,320 per sq.ft (2024)
• V.O.C. Street 4st cross street: Rs 1,320 per sq.ft (2024)
• V.O.C. Street From Kattapomman St to tha end: Rs 1,980 per sq.ft (2024)
• V.O.C. Street From Peraringar Anna Poonga to Kattapomman st: Rs 2,200 per sq.ft (2024)
• V.O.C. Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C. Street 2st cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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. Street 2st cross street?

The Sub Registrar Office that covers V.O.C. Street 2st cross street is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that all transactions are conducted at a fair value as per the official register.

When buying or selling a property, the guideline value helps in assessing the official price for registration purposes. It is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.O.C. Street 2st cross street?

The current guideline value of V.O.C. Street 2st cross street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of V.O.C. Street 2st cross street?

V.O.C. Street 2st cross street is classified as Residential Class I Type - III.

What are the stamp duty rates applicable in Peerklankaranai?

The stamp duty rate applicable in Peerklankaranai is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for V.O.C. Street 2st cross street?

The Sub Registrar Office for V.O.C. Street 2st cross street is the Tambaram Joint 1 Sub Registrar Office, located at No.26,mes Road, East Tambaram, Chennai-600059.