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Guideline Value

Corporate

Guideline Value for VOC nagar 5th street

₹4400/sq.ft.

The guideline value for Voc Nagar 5th Street in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹836 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹690 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Voc Nagar 5th Street

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VOC nagar 5th street guideline value

The current guideline value of VOC nagar 5th street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of VOC nagar 5th street has changed

Looking at the revisions from the earliest to the most recent, the guideline value for VOC nagar 5th street has seen significant changes. In 2002, the value was Rs 690 per sq.ft, which increased to Rs 836 per sq.ft in 2003, marking a 21% rise. By 2007, the value surged to Rs 1,200 per sq.ft, reflecting a 44% increase. The value then jumped dramatically to Rs 4,000 per sq.ft in 2012, a 233% increase from the previous revision. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value increased again to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 538%. There are no figures available for revisions in years other than those specified.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing VOC nagar 5th street's 2024 figure below that median.

Stamp duty and registration fee for property in VOC nagar 5th 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, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VOC nagar 5th street?

The Sub Registrar Office that covers VOC nagar 5th street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 during property registration in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair. Buyers and sellers must be aware of this value as it influences the amount of stamp duty and registration fees payable at the time of the transaction.

When buying or selling a property, the guideline value is used to calculate the applicable fees, which are necessary for completing the registration process. This ensures that all transactions are recorded accurately and legally, providing a clear record of property ownership.

Frequently asked questions

What is the current guideline value of VOC nagar 5th street?

The current guideline value of VOC nagar 5th 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, starting from Rs 690 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 538% over the years.

What is the land classification for VOC nagar 5th street?

The land classification for VOC nagar 5th street is Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in VOC nagar 5th street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 3,96,000.

Which office handles the registration for VOC nagar 5th street?

The AnnaNagar Sub Registrar Office handles the registration for VOC nagar 5th street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.