Guideline Value for VOC Street (6)

VOC Street (6) guideline value

The current guideline value of VOC Street (6) 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 (6) has changed

The guideline value for VOC Street (6) has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision saw another increase to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for VOC Street (6) in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that have 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 of VOC Street (6) is below this median.

• VOC Street (12): 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 (6)

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, totaling Rs 99,000. It is important to note that 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 Street (6)?

The Pammal Sub Registrar Office covers VOC Street (6). The office is 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 Pozhichalur

The guideline value is a critical factor during property registration in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate taxes are paid to the government, preventing any legal issues in the future.

Frequently asked questions

What is the current guideline value of VOC Street (6)?

The current guideline value of VOC Street (6) 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 changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. There are no figures available for the revisions from 2002, 2003, 2007, and 2012.

What is the land classification for VOC Street (6)?

VOC Street (6) is classified as Residential Class II Type - I.

How does the guideline value compare to other streets in Pozhichalur?

The guideline value of VOC Street (6) is Rs 1,100 per sq.ft, which is below the median value of Rs 1,320 per sq.ft for other streets in Pozhichalur.

Where can I find the Sub Registrar Office for VOC Street (6)?

The Pammal Sub Registrar Office, which covers VOC Street (6), is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.