Guideline Value

Corporate

Guideline Value for VOC Nagar Extn.

₹3850/sq.ft.

The guideline value for Voc Nagar Extn. in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Voc Nagar Extn.

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VOC Nagar Extn. guideline value

The current guideline value of VOC Nagar Extn. is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of VOC Nagar Extn. has changed

The guideline value for VOC Nagar Extn. has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, representing a 94% rise. However, in 2017, the value dropped to Rs 2,345 per sq.ft, marking a decrease of 33%. The value then rose sharply to Rs 3,500 per sq.ft in 2023, which was a 49% increase. The most recent 2024 revision has set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 114%.

Guideline values in Velachery

In Velachery village, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing VOC Nagar Extn.'s 2024 value below that median.

Stamp duty and registration fee for property in VOC Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers VOC Nagar Extn.?

The Sub Registrar Office that covers VOC Nagar Extn. is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Velachery. It serves as a benchmark for determining the minimum value at which properties must be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When purchasing or selling property, it is essential to ensure that the sale price is at least equal to the guideline value. This ensures compliance with the registration norms set by the authorities. The guideline value helps maintain transparency in property transactions and ensures that the government receives appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of VOC Nagar Extn.?

The current guideline value of VOC Nagar Extn. is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. Overall, the value has increased by 114% from Rs 1,800 per sq.ft in 2007 to the current value.

What is the land classification for VOC Nagar Extn.?

VOC Nagar Extn. is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the registration office for VOC Nagar Extn.?

The registration office for VOC Nagar Extn. is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for property transactions in VOC Nagar Extn.?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.