Guideline Value for V.O.C. Street 3st cross street

V.O.C. Street 3st cross street guideline value

The current guideline value of V.O.C. Street 3st cross street is Rs 1,320 per sq.ft. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of V.O.C. Street 3st cross street has changed

The guideline value for V.O.C. Street 3st cross street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing the 2024 value of V.O.C. Street 3st cross street below this median.

• V.O.C. Street 2st 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 1st 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 Upto Peraringar Anna Poonga: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C. Street 3st 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 amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these charges to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers V.O.C. Street 3st cross street?

The Sub Registrar Office that covers V.O.C. Street 3st 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

When buying or selling property in Peerklankaranai, the guideline value is crucial as it determines the stamp duty and registration fees applicable to the transaction. The guideline value is set by the government and is used to ensure that the property is registered at a fair valuation.

It is essential to be aware that the guideline value may differ from the actual sale price. However, the registration fees and stamp duty will be calculated based on the higher of the two amounts to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of V.O.C. Street 3st cross street?

The current guideline value of V.O.C. Street 3st 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 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for V.O.C. Street 3st cross street?

The land classification for V.O.C. Street 3st cross street is Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for V.O.C. Street 3st cross street?

The Sub Registrar Office for V.O.C. Street 3st cross street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Peerklankaranai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.