Guideline Value for VOC Nagar 1st Street

VOC Nagar 1st Street guideline value

The current guideline value of VOC Nagar 1st Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of VOC Nagar 1st Street has changed

The guideline value for VOC Nagar 1st Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023. The latest revision in 2024 has further increased this value to Rs 1,870 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing VOC Nagar 1st Street's current value below this median.

• VOC Nagar 2nd Cross Street: Rs 1,870 per sq.ft (2024)
• VOC Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• VOC Street: Rs 1,760 per sq.ft (2024)
• Vivekanadar Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Visveswarapuram: Rs 2,350 per sq.ft (2024)
• West Ratha Veethi: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in VOC Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total cost for stamp duty and registration would be Rs 1,68,300. Please 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 information.

Which Sub Registrar Office covers VOC Nagar 1st Street?

The Sub Registrar Office that covers VOC Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair amount during the transaction process.

Frequently asked questions

What is the current guideline value of VOC Nagar 1st Street?

The current guideline value of VOC Nagar 1st Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the registration office for VOC Nagar 1st Street?

The registration office for VOC Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for property in VOC Nagar 1st Street?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.