Guideline Value for V.O.C.Street V.L.Puram

V.O.C.Street V.L.Puram guideline value

The current guideline value of V.O.C.Street V.L.Puram is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

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

The guideline value for V.O.C.Street V.L.Puram has seen several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft. This figure was then reduced to Rs 1,474 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,200 per sq.ft, representing a 49% rise. The latest revision in 2024 set the guideline value at Rs 2,400 per sq.ft, which is a 9% increase from the previous year’s value of Rs 2,200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 V.L.Puram is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and 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 V.L.Puram?

The Sub Registrar Office that covers V.O.C.Street V.L.Puram 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 process of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. 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 V.L.Puram?

The current guideline value of V.O.C.Street V.L.Puram is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for V.O.C.Street V.L.Puram?

V.O.C.Street V.L.Puram is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for V.O.C.Street V.L.Puram?

The Sub Registrar Office for V.O.C.Street V.L.Puram is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in V.O.C.Street V.L.Puram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.