Guideline Value for VOC Nagar 2nd Street

VOC Nagar 2nd Street guideline value

The current guideline value of VOC Nagar 2nd 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 it falls under the Residential Class I Type - II land classification.

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

The guideline value for VOC Nagar 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, which is an increase from Rs 1,700 per sq.ft in the 2023 revision, marking a change of +10%. Prior to that, the 2017 revision recorded a guideline value of Rs 1,139 per sq.ft, indicating a significant increase of +49% from 2017 to 2023.

There are no recorded figures for VOC Nagar 2nd Street in the revisions of 2012, 2007, 2003, and 2002. Overall, from 2017 to 2024, the guideline value has increased by +64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry 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, making the current value of VOC Nagar 2nd Street below that median.

• VOC Nagar 2nd Cross 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 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 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 detailed calculations.

Which Sub Registrar Office covers VOC Nagar 2nd Street?

The Sub Registrar Office that covers VOC Nagar 2nd 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 plays a crucial role in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining 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 is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by a total of +64%, rising from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024.

What is the land classification for VOC Nagar 2nd Street?

VOC Nagar 2nd Street is classified under Residential Class I Type - II.

Where can I find the registration office for VOC Nagar 2nd Street?

The registration office for VOC Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 18,70,000, the stamp duty at 7% would be Rs 1,30,900.