Guideline Value for V.O.C.STREET

V.O.C.Street guideline value

The current guideline value of V.O.C.Street is Rs 3,900 per sq.ft. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class I Type - II.

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

In the 2023 revision, the guideline value for V.O.C.Street was Rs 3,500 per sq.ft. The most recent revision in 2024 saw an increase to Rs 3,900 per sq.ft, marking an 11% rise. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, the guideline value increased significantly, reflecting changes in the real estate landscape. The previous revision in 2023 set the value at Rs 3,500 per sq.ft, which was a figure that did not have any recorded changes in the earlier years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing V.O.C.Street's current value above the median.

• Vivkanathan Garden: Rs 1,700 per sq.ft (2024)
• Wipro Co. (Sez) (Wipro Ltd.,): Rs 5,500 per sq.ft (2024)
• Wipro Road (Omr): Rs 5,500 per sq.ft (2024)
• Vishnu Garden: Rs 1,000 per sq.ft (2024)
• Yadaval Street: Rs 3,300 per sq.ft (2024)
• Village Road 1st Lane: Rs 2,200 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 rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The V.O.C.Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value serves as a basis for determining the stamp duty and registration fees during property transactions. It ensures that the government receives a fair amount based on the property's assessed value, which is crucial for both buyers and sellers.

When buying or selling property in Sholinganallur - 1, the guideline value is essential for calculating the total costs involved in the transaction. This value helps maintain transparency and consistency in property dealings within the region.

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 3,900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for V.O.C.Street was Rs 3,500 per sq.ft in 2023 and increased to Rs 3,900 per sq.ft in 2024, representing an 11% rise. There are no recorded figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of V.O.C.Street?

V.O.C.Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For instance, a 1,000 sq.ft plot would incur a total cost of Rs 3,51,000 in duties and fees.

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

The Neelankarai Sub Registrar Office, which covers V.O.C.Street, is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.