Guideline Value for VOC Street / Durga Nagar

VOC Street / Durga Nagar guideline value

The current guideline value of VOC Street / Durga Nagar in Thiruneermalai village is Rs 2,420 per sq.ft, effective from 1 July 2024. This area falls under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of VOC Street / Durga Nagar has changed

The guideline value for VOC Street / Durga Nagar has seen significant changes over the years. The earliest recorded figure is from 2003, which was Rs 294 per sq.ft. This value increased to Rs 450 per sq.ft in 2007, marking a 53% rise. By 2017, the value further escalated to Rs 1,474 per sq.ft, reflecting a substantial increase of 228%. In 2023, the guideline value reached Rs 2,200 per sq.ft, a 49% increase from the previous revision. The latest revision in 2024 set the value at Rs 2,420 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no recorded figures for VOC Street / Durga Nagar in the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 723%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, with rates ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value is Rs 2,420 per sq.ft, which is the same as the current value for VOC Street / Durga Nagar.

• West Kulakarai Street: Rs 1,320 per sq.ft (2024)
• Yerikarai Pillayar Koil Street: Rs 1,320 per sq.ft (2024)
• Yerikarai Pillayar Koil Street (Ward 13): Rs 1,320 per sq.ft (2024)
• Yerikarai Street: Rs 1,320 per sq.ft (2024)
• Vinoba Street: Rs 2,420 per sq.ft (2024)
• Vikshadha Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in VOC Street / Durga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VOC Street / Durga Nagar?

The Sub Registrar Office that covers VOC Street / Durga Nagar 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 details.

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

The guideline value is an essential factor during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of VOC Street / Durga Nagar?

The current guideline value of VOC Street / Durga Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 294 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, showing an overall increase of 723% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for VOC Street / Durga Nagar?

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

What is the land classification for VOC Street / Durga Nagar?

VOC Street / Durga Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.