Guideline Value for VOC Nagar 2nd Cross Street

VOC Nagar 2nd Cross Street guideline value

The current guideline value of VOC Nagar 2nd Cross Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of VOC Nagar 2nd Cross Street has changed

The guideline value for VOC Nagar 2nd Cross Street has undergone 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 the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,870 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the increase is 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value 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 2nd Cross Street's 2024 figure below this median.

• VOC Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• VOC Nagar 1st 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 2nd Cross 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, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. 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 details.

Which Sub Registrar Office covers VOC Nagar 2nd Cross Street?

The Sub Registrar Office that covers VOC Nagar 2nd Cross 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 more information.

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

The guideline value is a critical factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of VOC Nagar 2nd Cross Street?

The current guideline value of VOC Nagar 2nd Cross Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft, which is higher than the current value of VOC Nagar 2nd Cross Street.

What are the stamp duty and registration fees for a property in VOC Nagar 2nd Cross 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.

Which office handles registrations for VOC Nagar 2nd Cross Street?

The Pammal Sub Registrar Office handles registrations for VOC Nagar 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.