Guideline Value for V.O.C.ST, KONAMBEDU

V.O.C.St, Konambedu guideline value

The current guideline value of V.O.C.St, Konambedu is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of V.O.C.St, Konambedu has changed

Over the years, the guideline value of V.O.C.St, Konambedu has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 950 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 6%.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of V.O.C.St, Konambedu is below this median.

• V.O.C.St, Kamaraj Nagar: Rs 950 per sq.ft (2024)
• Vivekananda St: Rs 1,625 per sq.ft (2024)
• Vivekananda Nagar (South) Vijayantha St: Rs 1,625 per sq.ft (2024)
• Vivekananda Nagar (South) Sankarar St: Rs 1,625 per sq.ft (2024)
• Vivekananda Nagar (South) Kambar St: Rs 1,625 per sq.ft (2024)
• Vivekananda Nagar (North) V.O.C.St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C.St, Konambedu

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% is Rs 66,500, and the registration fee at 2% is Rs 19,000, bringing the total to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers V.O.C.St, Konambedu?

The V.O.C.St, Konambedu is covered by 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 Paruthipattu

The guideline value is a crucial factor during property registration in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of V.O.C.St, Konambedu?

The current guideline value of V.O.C.St, Konambedu is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and currently to Rs 950 per sq.ft in 2024.

What is the land classification for V.O.C.St, Konambedu?

V.O.C.St, Konambedu is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total costs would be Rs 85,500.

Which office handles property registrations for V.O.C.St, Konambedu?

The Avadi Sub Registrar Office handles property registrations for V.O.C.St, Konambedu, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.