Guideline Value for V.O.C. Street, Chennai 82

V.O.C. Street, Chennai 82 guideline value

The current guideline value of V.O.C. Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of V.O.C. Street, Chennai 82 has changed

The guideline value for V.O.C. Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from 2007 to 2024 shows an increase of 267% in the guideline value.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing V.O.C. Street's 2024 figure below that median.

• VOC Nagar main Road: Rs 4,400 per sq.ft (2024)
• VOC nagar Ist street: Rs 4,400 per sq.ft (2024)
• VOC nagar 5th street: Rs 4,400 per sq.ft (2024)
• VOC nagar 4th street: Rs 4,400 per sq.ft (2024)
• VOC nagar 4th cross Street: Rs 4,400 per sq.ft (2024)
• VOC nagar 3rd street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C. Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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, Chennai 82?

The Sub Registrar Office that covers V.O.C. Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is essential during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate fees based on the assessed value of the property.

Frequently asked questions

What is the current guideline value of V.O.C. Street, Chennai 82?

The current guideline value of V.O.C. Street, Chennai 82 is Rs 4,400 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 2007 to Rs 4,400 per sq.ft in 2024, marking a total increase of 267% over this period.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is above the current value of V.O.C. Street.

What are the stamp duty and registration fees for a property in V.O.C. Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for V.O.C. Street?

The AnnaNagar Sub Registrar Office handles the registration for V.O.C. Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.