Guideline Value for V.O.C. Street Upto Peraringar Anna Poonga

V.O.C. Street Upto Peraringar Anna Poonga guideline value

The current guideline value of V.O.C. Street Upto Peraringar Anna Poonga is Rs 2,200 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 Special Type - I.

How the guideline value of V.O.C. Street Upto Peraringar Anna Poonga has changed

The guideline value has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value surged by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not have 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 with a guideline value for 2024 ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. V.O.C. Street Upto Peraringar Anna Poonga's 2024 figure of Rs 2,200 per sq.ft is 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 From Kattapomman St to tha end: Rs 1,980 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 Upto Peraringar Anna Poonga

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.O.C. Street Upto Peraringar Anna Poonga?

The Sub Registrar Office that covers V.O.C. Street Upto Peraringar Anna Poonga 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 process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V.O.C. Street Upto Peraringar Anna Poonga?

The current guideline value of V.O.C. Street Upto Peraringar Anna Poonga is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value 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 land classification for V.O.C. Street Upto Peraringar Anna Poonga?

The land classification for V.O.C. Street Upto Peraringar Anna Poonga is Residential Special Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for this street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for V.O.C. Street Upto Peraringar Anna Poonga, located at No.26, Mes Road, East Tambaram, Chennai-600059.