Guideline Value for V.O.C. Street

V.O.C. Street guideline value

The current guideline value of V.O.C. Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class IV Type - I.

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

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The current guideline value for 2024 is Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for V.O.C. Street.

Guideline values in 44.Ayanambakkam

There are 157 streets in 44.Ayanambakkam under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of V.O.C. Street is below this median.

• Vr Builders Blossom: Rs 2,200 per sq.ft (2024)
• V.R Complex-I: Rs 1,800 per sq.ft (2024)
• VR Complex-II: Rs 1,800 per sq.ft (2024)
• Vijay Nagar: Rs 1,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VIII: Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VII: Rs 3,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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?

The Sub Registrar Office that covers V.O.C. Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is crucial during property transactions, as it determines the minimum value for registration purposes. When buying or selling property in 44.Ayanambakkam, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important to note that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating duties. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of V.O.C. Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for V.O.C. Street?

V.O.C. Street is classified as Residential Class IV Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for V.O.C. Street?

The Sub Registrar Office covering V.O.C. Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in V.O.C. Street?

Stamp duty for properties in V.O.C. Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.