Guideline Value for V.O.C. Street From Kattapomman St to tha end

V.O.C. Street From Kattapomman St to tha end guideline value

The current guideline value for V.O.C. Street From Kattapomman St to the end is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of V.O.C. Street From Kattapomman St to tha end has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft. However, the value significantly increased in the following revisions, reaching Rs 1,800 per sq.ft in 2023, and then rising to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value saw a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. 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, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing V.O.C. Street From Kattapomman St to the end above this median.

• V.O.C. Street From Peraringar Anna Poonga to Kattapomman st: 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 Upto Peraringar Anna Poonga: Rs 2,200 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 Kattapomman St to tha end

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that 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 From Kattapomman St to tha end?

The V.O.C. Street From Kattapomman St to the end is covered by 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 additional information.

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

The guideline value is a crucial factor during property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid penalties.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is officially recorded and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value for V.O.C. Street From Kattapomman St to tha end?

The current guideline value for V.O.C. Street From Kattapomman St to the end is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for this street?

V.O.C. Street From Kattapomman St to the end is classified as Residential Class I Type - I.

Where can I find the registration office for this street?

The registration office for V.O.C. Street From Kattapomman St to the end 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.