Guideline Value for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st

V.O.C. Street From Peraringar Anna Poonga to Kattapomman st guideline value

The current guideline value for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of V.O.C. Street From Peraringar Anna Poonga to Kattapomman st has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then dropped to Rs 1,340 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,000 per sq.ft. The latest revision in 2024 has further increased the value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

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 village is Rs 1,650 per sq.ft, making the current value for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st above the median.

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

Stamp duty and registration fee for property in V.O.C. Street From Peraringar Anna Poonga to Kattapomman st

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total costs together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers V.O.C. Street From Peraringar Anna Poonga to Kattapomman st?

The Sub Registrar Office that covers V.O.C. Street From Peraringar Anna Poonga to Kattapomman st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair valuation of the property, which can influence negotiations and final sale prices. It is essential for all parties involved to be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st?

The current guideline value for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the classification of land for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st?

The land classification for V.O.C. Street From Peraringar Anna Poonga to Kattapomman st is Residential Special Type - I.

Which Sub Registrar Office covers this street?

The Tambaram Joint 1 Sub Registrar Office covers V.O.C. Street From Peraringar Anna Poonga to Kattapomman st, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.