Guideline Value for V.O.C. Street

V.O.C. Street guideline value

The current guideline value of V.O.C. Street in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

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

The guideline value for V.O.C. Street has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 260 per sq.ft in 2012. However, it then decreased to Rs 174 per sq.ft in 2017. The value remained unchanged at Rs 260 per sq.ft in both the 2023 and 2024 revisions.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. From 2012 to 2017, the value decreased by 33%, while from 2007 to 2012, it saw a substantial rise of 160%. Overall, from 2007 to 2024, the guideline value has increased by 160%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which is the same as the guideline value for V.O.C. Street.

• Vannarapettai St: Rs 260 per sq.ft (2024)
• Vallalar Street: Rs 241 per sq.ft (2024)
• Thiruvalluvar St: Rs 260 per sq.ft (2024)
• Thirugnana Sambanthar St: Rs 260 per sq.ft (2024)
• Subramaniya Swamy Koil St: Rs 260 per sq.ft (2024)
• Sri Balaji Nagar: Rs 260 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 guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, and the registration fee at 2% would be Rs 5,200, resulting in a total of Rs 23,400. It is important to note that the 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 information.

Which Sub Registrar Office covers V.O.C. Street?

The Sub Registrar Office that covers V.O.C. Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Ammayarkuppam. It serves as a benchmark for determining the registration fees and stamp duty payable at the time of property registration.

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 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and remained at Rs 260 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Ammayarkuppam?

The median guideline value for streets in Ammayarkuppam is Rs 260 per sq.ft, which is also the guideline value for 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 2,60,000, the stamp duty would be Rs 18,200, and the registration fee would be Rs 5,200, totaling Rs 23,400.

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

The Ramakrishna Rajupettai Sub Registrar Office handles the registration for V.O.C. Street, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.