Guideline Value for VOC Street (12)

VOC Street (12) guideline value

The current guideline value for VOC Street (12) in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of VOC Street (12) has changed

The guideline value for VOC Street (12) has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

There are no recorded figures for VOC Street (12) in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for VOC Street (12) is below this median.

• VOC Street (6): Rs 1,100 per sq.ft (2024)
• V.V.Giri Street: Rs 1,320 per sq.ft (2024)
• Vivekanthar Street: Rs 1,100 per sq.ft (2024)
• Vishnu Street: Rs 1,100 per sq.ft (2024)
• Zhakirhussain Street: Rs 1,320 per sq.ft (2024)
• Vinayaga Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in VOC Street (12)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. Note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VOC Street (12)?

The Sub Registrar Office that covers VOC Street (12) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and compliance with the regulatory framework governing property transactions.

Frequently asked questions

What is the current guideline value of VOC Street (12)?

The current guideline value of VOC Street (12) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty for property in VOC Street (12)?

The stamp duty for property in VOC Street (12) is calculated at 7% of the guideline value. For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

Are there other streets with the same guideline value in Pozhichalur?

Yes, other streets in Pozhichalur, such as VOC Street (6), Vivekanthar Street, and Vishnu Street, also have a guideline value of Rs 1,100 per sq.ft in 2024.