Guideline Value for V.O.C.Street

V.O.C.Street guideline value

The current guideline value of V.O.C.Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kathirvedu village under the Ambattur SRO, classified as Residential Class IV Type - I.

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

Over the years, the guideline value of V.O.C.Street has seen significant changes. In 2002, the guideline value was Rs 63 per sq.ft, which increased to Rs 90 per sq.ft in 2003. The value continued to rise, reaching Rs 200 per sq.ft in 2007. A notable jump occurred in 2012 when the value was Rs 1,000 per sq.ft, but it then dropped to Rs 670 per sq.ft in 2017. The value increased again to Rs 1,000 per sq.ft in 2023 and finally reached Rs 1,100 per sq.ft in the 2024 revision. There are no figures available for other revisions for this street.

The changes between the revisions are as follows: from 2002 to 2003, the increase was +43%; from 2003 to 2007, it was +122%; from 2007 to 2012, it rose by +400%; however, it decreased by -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023 and by +10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1646%.

Guideline values in Kathirvedu

Kathirvedu village has 78 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing V.O.C.Street's 2024 figure below that median.

• V.M.K.Nagar: Rs 2,000 per sq.ft (2024)
• West Street: Rs 1,300 per sq.ft (2024)
• Vinayakar Koil Street: Rs 1,300 per sq.ft (2024)
• Yes Pee Avenue: Rs 2,700 per sq.ft (2024)
• Veera Ragavalu Nagar Extension: Rs 2,300 per sq.ft (2024)
• Veera Ragavalu Nagar: Rs 2,300 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 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please 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?

The Sub Registrar Office that covers V.O.C.Street 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 further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kathirvedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to assess the fees, ensuring that the charges reflect the official valuation of the property. This helps maintain transparency in property transactions 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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 63 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various increases and one decrease along the way.

What is the median guideline value for streets in Kathirvedu?

The median guideline value for streets in Kathirvedu is Rs 1,500 per sq.ft, with V.O.C.Street's 2024 figure being below this median.

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 total stamp duty and registration fees would amount to Rs 99,000.

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

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.