Guideline Value for V.O.C.street

V.O.C.street guideline value

The current guideline value of V.O.C.street in Udaiyavarkoil village, under the Poonamallee SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

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

The guideline value of V.O.C.street has seen several revisions over the years. In the 2007 revision, the value was Rs 100 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a 400% increase. However, it then decreased to Rs 335 per sq.ft in 2017, a decline of 33% from the previous revision. The 2023 revision saw a notable increase to Rs 500 per sq.ft, followed by a further rise to Rs 550 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value is Rs 550 per sq.ft, making V.O.C.street's 2024 figure equal to this median.

• Thiruvalluvar street: Rs 550 per sq.ft (2024)
• Thirupur kumaran street: Rs 550 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,910 per sq.ft (2024)
• Supreme Avenue: Rs 552 per sq.ft (2024)
• Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216: Rs 550 per sq.ft (2024)
• Shri Padmavathy nagar: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The V.O.C.street is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Udaiyavarkoil. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is taken into account to ensure that the appropriate taxes are levied. This helps maintain transparency and standardization 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for V.O.C.street?

V.O.C.street is classified under Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for V.O.C.street?

The Sub Registrar Office covering V.O.C.street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is stamp duty calculated for properties in Udaiyavarkoil?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 5,50,000 would incur a stamp duty of Rs 38,500 at a rate of 7%.