Guideline Value for V.O.C. Street

V.O.C. Street guideline value

The current guideline value of V.O.C. Street in Vadakarai village, under the Redhills SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

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

The guideline value for V.O.C. Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased this value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures recorded for V.O.C. Street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vadakarai

In Vadakarai, there are 15 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with a median value of Rs 660 per sq.ft. V.O.C. Street's current guideline value of Rs 1,100 per sq.ft is above this median.

• Thiruvalluvar Street: Rs 660 per sq.ft (2024)
• S.S. Baba Nagar Annex - I: Rs 550 per sq.ft (2024)
• S.S. Baba Nagar Annex: Rs 550 per sq.ft (2024)
• S.S. Baba Nagar: Rs 660 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 660 per sq.ft (2024)
• School Street: Rs 660 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers V.O.C. Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Vadakarai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value as it directly impacts the overall costs involved in the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency in the property market.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Vadakarai?

The median guideline value in Vadakarai is Rs 660 per sq.ft, with V.O.C. Street's current value being above this median.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

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

The registration for V.O.C. Street is handled by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.