Guideline Value for V.O.C. nagar 2nd street

V.O.C. nagar 2nd street guideline value

The current guideline value of V.O.C. nagar 2nd street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of V.O.C. nagar 2nd street has changed

The guideline value for V.O.C. nagar 2nd street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 150%. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, a rise of 49%, and is now set at Rs 1,100 per sq.ft for 2024, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for V.O.C. nagar 2nd street is below this median.

• V.O.C.nagar 1st street: Rs 1,100 per sq.ft (2024)
• V.O.C. Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C. Cross Street (Jayaram nagar): Rs 1,100 per sq.ft (2024)
• V.O.C. Street (Iyappa nagar): Rs 1,700 per sq.ft (2024)
• V.O.C. Street(Jayaram nagar): Rs 1,100 per sq.ft (2024)
• Vivek Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C. nagar 2nd street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please 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 details.

Which Sub Registrar Office covers V.O.C. nagar 2nd street?

The Sub Registrar Office that covers V.O.C. nagar 2nd street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The stamp duty is calculated based on the higher amount between the guideline value and the sale price, ensuring that the appropriate fees are collected for property transactions.

Frequently asked questions

What is the current guideline value of V.O.C. nagar 2nd street?

The current guideline value of V.O.C. nagar 2nd 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 changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for V.O.C. nagar 2nd street?

V.O.C. nagar 2nd street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for V.O.C. nagar 2nd street?

The Sub Registrar Office for V.O.C. nagar 2nd street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty would be calculated on this amount if it is higher than the sale price.