Guideline Value for V.O.C.Nagar

V.O.C.Nagar guideline value

The current guideline value of V.O.C.Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

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

The guideline value for V.O.C.Nagar has remained stable at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the value was increased from Rs 402 per sq.ft in the 2017 revision to Rs 600 per sq.ft in the 2023 revision, marking a 49% increase over this period.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for V.O.C.Nagar.

• Wahab Nagar: Rs 1,100 per sq.ft (2024)
• West Kulam Street: Rs 400 per sq.ft (2024)
• West Street Mangalam: Rs 400 per sq.ft (2024)
• Vellazhar Street: Rs 600 per sq.ft (2024)
• Varasithi Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Vaniyar Street: Rs 800 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. Duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers V.O.C.Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions. It determines the amount of stamp duty and registration fees that a buyer must pay, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for pricing. It helps to standardize property valuations across the area, providing a reference point for both buyers and sellers during negotiations.

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 402 per sq.ft to Rs 600 per sq.ft as of the 2024 revision.

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

V.O.C.Nagar is classified as Residential Class I Type - III under the land classification system.

Which Sub Registrar Office covers the registration for V.O.C.Nagar?

The registration for V.O.C.Nagar is covered by the Thirukazhukundram Sub Registrar Office located at Thiruchengode - 637 211, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.