Guideline Value for VOC நகர்

Voc நகர் guideline value

The current guideline value of Voc நகர், located in Aranvoyal village under the Manavalanagar SRO, is Rs 400 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Voc நகர் has changed

The guideline value for Voc நகர் has seen several revisions over the years. The most recent revision in 2024 sets the value at Rs 400 per sq.ft, which is unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, reflecting a significant increase of 49% over the six-year period from 2017 to 2023.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%, indicating a consistent valuation trend for this area.

Guideline values in Aranvoyal

In Aranvoyal village, there are 52 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 400 to Rs 900 per sq.ft. The median value for these streets is Rs 450 per sq.ft, placing the guideline value of Voc நகர் below this median.

• Vgn சந்தோஷ் நகர்: Rs 600 per sq.ft (2024)
• MS Royal City: Rs 402 per sq.ft (2024)
• Ksv ஹவுசங்காலனி: Rs 400 per sq.ft (2024)
• Divyathesam Nagar: Rs 500 per sq.ft (2024)
• Kaveri Avenue: Rs 450 per sq.ft (2024)
• Kaveri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Voc நகர்

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, this totals Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Voc நகர்?

The Voc நகர் area is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Aranvoyal. It is used as a basis for calculating the stamp duty and registration fees during the sale or purchase of property. This ensures that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value is compared to the actual sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Voc நகர்?

The current guideline value of Voc நகர் is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, marking a 49% increase over this period. The value remained unchanged from 2023 to 2024.

What are the guideline values of other streets in Aranvoyal?

Other streets in Aranvoyal have guideline values ranging from Rs 400 to Rs 900 per sq.ft, with the median being Rs 450 per sq.ft. Voc நகர்'s value is below this median.

What are the stamp duty and registration fees for property in Voc நகர்?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees amount to Rs 36,000.

Where is the Sub Registrar Office for Voc நகர் located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.