Guideline Value for V.O.C.STREET

V.O.C.Street guideline value

The current guideline value of V.O.C.Street in Vilingiyambakkam village is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class III Type - I.

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

The guideline value for V.O.C.Street has undergone several revisions over the years. In 2003, the guideline value was Rs 208 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007, marking a 140% rise. This value remained at Rs 1,200 per sq.ft in 2012, before dropping to Rs 804 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,310 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 530%. It is important to note that the register has no figure for V.O.C.Street in 2002.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. V.O.C.Street's 2024 guideline value is above this median.

• Vivekanandar St: Rs 935 per sq.ft (2024)
• Vivekananda 2nd St: Rs 810 per sq.ft (2024)
• Vivekananda 1st St: Rs 1,310 per sq.ft (2024)
• Vinayagar St: Rs 935 per sq.ft (2024)
• Villtal St: Rs 935 per sq.ft (2024)
• Vijayarangan Street: Rs 935 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 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total to Rs 1,17,900. It is important to 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.Street?

The Sub Registrar Office that covers V.O.C.Street 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 Vilingiyambakkam

When buying or selling property in Vilingiyambakkam, the guideline value is a critical factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction, including taxes and fees that must be paid at the time of registration.

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 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 208 per sq.ft in 2003 to Rs 1,310 per sq.ft in 2024, reflecting an overall increase of 530% over this period.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft for the year 2024.

What are the stamp duty and registration fees for V.O.C.Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 91,700 and the registration fee is Rs 26,200, totaling Rs 1,17,900.

Where is the Sub Registrar Office for V.O.C.Street located?

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