Guideline Value for V.O.C. Street 4st cross street

V.O.C. Street 4st cross street guideline value

The current guideline value of V.O.C. Street 4st cross street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of V.O.C. Street 4st cross street has changed

The guideline value for V.O.C. Street 4st cross street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 1,200 per sq.ft. In 2017, the value decreased to Rs 804 per sq.ft, marking a 33% decline. Following this, the 2023 revision set the value at Rs 1,200 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,200 per sq.ft. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

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

• V.O.C. Street 3st cross street: Rs 1,320 per sq.ft (2024)
• V.O.C. Street 2st 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 4st 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 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.O.C. Street 4st cross street?

The Sub Registrar Office that covers V.O.C. Street 4st 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 plays a crucial role during the registration of property transactions in Peerklankaranai. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of V.O.C. Street 4st cross street?

The current guideline value of V.O.C. Street 4st 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 back 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 for V.O.C. Street 4st cross street?

V.O.C. Street 4st cross street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for V.O.C. Street 4st cross street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for V.O.C. Street 4st cross street, located at No.26, Mes Road, East Tambaram, Chennai-600059.