Guideline Value for V.O.C.NAGAR

V.O.C.Nagar guideline value

The current guideline value of V.O.C.Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

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

The guideline value for V.O.C.Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, which is an increase from Rs 700 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and the increase from 2017 to 2024 is 60%. The change from 2023 to 2024 reflects a 7% rise in the guideline value.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the guideline value for V.O.C.Nagar.

• V.S.P.Nagar & Streets: Rs 750 per sq.ft (2024)
• Virundavan Nagar: Rs 750 per sq.ft (2024)
• Vinayagar Koil Street: Rs 750 per sq.ft (2024)
• Vilapakkam Subbaiah Nagar: Rs 750 per sq.ft (2024)
• 1st Padi Nagar: Rs 750 per sq.ft (2024)
• Venumadavan Nagar & Streets: Rs 750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that 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 detailed calculations.

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

The Sub Registrar Office that covers V.O.C.Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered the benchmark for calculating the applicable duties and fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

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

The current guideline value of V.O.C.Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 750 per sq.ft in 2024. This represents a 60% increase from 2017 to 2024.

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

V.O.C.Nagar is classified as Residential Class II Type - III. This classification is important for understanding the type of development permissible in the area.

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

The Avadi Sub Registrar Office covers V.O.C.Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 52,500.