Guideline Value for V.O.C.Street (A.K.A.Nagar)

V.O.C.Street (A.K.A.Nagar) guideline value

The current guideline value of V.O.C.Street (A.K.A.Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of V.O.C.Street (A.K.A.Nagar) has changed

The guideline value for V.O.C.Street (A.K.A.Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which decreased by 33% to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 1,300 per sq.ft in the 2023 revision, and then rose by 8% to the current value of Rs 1,400 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of V.O.C.Street (A.K.A.Nagar) is below this median.

• V.O.C.Street Ram Nagar: Rs 2,400 per sq.ft (2024)
• V.O.C Street (S.No.69): Rs 1,100 per sq.ft (2024)
• V.O.C.Street V.L.Puram: Rs 2,400 per sq.ft (2024)
• V.V.Giri Street: Rs 2,400 per sq.ft (2024)
• V.K.Menon Street: Rs 2,400 per sq.ft (2024)
• Viyasar Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.C.Street (A.K.A.Nagar)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that 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.Street (A.K.A.Nagar)?

The Sub Registrar Office that covers V.O.C.Street (A.K.A.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of V.O.C.Street (A.K.A.Nagar)?

The current guideline value of V.O.C.Street (A.K.A.Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then rising to Rs 1,300 per sq.ft in 2023, and finally reaching Rs 1,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office covers V.O.C.Street (A.K.A.Nagar)?

The Ambattur Sub Registrar Office covers V.O.C.Street (A.K.A.Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for V.O.C.Street (A.K.A.Nagar)?

V.O.C.Street (A.K.A.Nagar) is classified as Residential Class III Type - I.