Guideline Value for VOC nagar 4th street

VOC nagar 4th street guideline value

The current guideline value of VOC nagar 4th street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of VOC nagar 4th street has changed

The guideline value for VOC nagar 4th street has seen several revisions over the years. In 2002, the value was Rs 690 per sq.ft, which increased to Rs 836 per sq.ft in 2003. The value further rose to Rs 1,200 per sq.ft in 2007, and then significantly jumped to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, which was then increased to Rs 4,400 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 was a 10% rise. The most notable increase occurred from 2007 to 2012, with a 233% jump. Overall, the guideline value has risen by 538% from 2002 to 2024.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing VOC nagar 4th street's 2024 figure below that median.

• VOC nagar 4th cross Street: Rs 4,400 per sq.ft (2024)
• VOC nagar 5th street: Rs 4,400 per sq.ft (2024)
• VOC nagar 3rd street: Rs 4,400 per sq.ft (2024)
• VOC nagar 3rd cross Street: Rs 4,400 per sq.ft (2024)
• VOC nagar 2nd street: Rs 4,400 per sq.ft (2024)
• VOC nagar 2nd cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in VOC nagar 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers VOC nagar 4th street?

The VOC nagar 4th street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It determines the minimum value at which the property can be registered, ensuring compliance with the state's regulations.

When buying or selling property, the guideline value serves as a reference point for calculating the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of VOC nagar 4th street?

The current guideline value of VOC nagar 4th street is Rs 4,400 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 690 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 538%.

What is the registration fee for property in VOC nagar 4th street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for VOC nagar 4th street?

The Sub Registrar Office for VOC nagar 4th street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. This ensures that the appropriate fees are collected during property transactions.