Guideline Value for VOC nagar 4th cross Street

VOC nagar 4th cross Street guideline value

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

How the guideline value of VOC nagar 4th cross Street has changed

The guideline value for VOC nagar 4th cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 690 per sq.ft, which increased to Rs 836 per sq.ft in 2003, marking a 21% rise. The value continued to grow, reaching Rs 1,200 per sq.ft in 2007, a significant increase of 44%. By 2012, the value was Rs 4,000 per sq.ft, reflecting a 233% increase from the previous revision. However, between 2012 and 2017, the value dropped to Rs 2,680 per sq.ft, a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 4,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year. There are no figures available for the revisions in years not listed for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing the 2024 figure for VOC nagar 4th cross Street below that median.

• VOC nagar 4th street: Rs 4,400 per sq.ft (2024)
• VOC nagar 3rd street: Rs 4,400 per sq.ft (2024)
• VOC nagar 5th 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 cross 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, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. It is important to 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 nagar 4th cross Street?

The Sub Registrar Office that covers VOC nagar 4th cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for VOC nagar 4th cross Street?

The current guideline value for VOC nagar 4th cross 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 over the years, from Rs 690 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 538%.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles the registration for VOC nagar 4th cross Street?

The AnnaNagar Sub Registrar Office handles the registration for VOC nagar 4th cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Ayanavaram?

The median guideline value for properties in Ayanavaram is Rs 4,900 per sq.ft, with VOC nagar 4th cross Street's value being below this median at Rs 4,400 per sq.ft.