Guideline Value for V.K.S Avenue

V.K.S Avenue guideline value

The current guideline value of V.K.S Avenue in Valarpuram village is Rs 469 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Commercial Class I Type - I.

How the guideline value of V.K.S Avenue has changed

The guideline value for V.K.S Avenue has remained consistent over the years. The register shows that the guideline value was Rs 469 per sq.ft in the 2017 revision, which continued unchanged in the 2023 revision, and remains the same in the 2024 revision. There are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

From 2017 to 2024, the guideline value has not changed, with a total increase of 0% across these years. Similarly, the transition from 2023 to 2024 also reflects no change, maintaining the value at Rs 469 per sq.ft.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. V.K.S Avenue's guideline value of Rs 469 per sq.ft is above this median.

• Venkatachalapathi Nagar: Rs 400 per sq.ft (2024)
• Vasuki Nagar: Rs 300 per sq.ft (2024)
• Varatharajan Nagar: Rs 400 per sq.ft (2024)
• Valar Nagar: Rs 200 per sq.ft (2024)
• Vaishnavi Farms: Rs 200 per sq.ft (2024)
• Vaikuntham Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in V.K.S Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 469 per sq.ft, the total guideline value amounts to Rs 4,69,000. The stamp duty at 7% would be Rs 32,830, and the registration fee at 2% would be Rs 9,380, resulting in a total of Rs 42,210. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers V.K.S Avenue?

The Sub Registrar Office that covers V.K.S Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of V.K.S Avenue?

The current guideline value of V.K.S Avenue is Rs 469 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 469 per sq.ft from 2017 through 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for V.K.S Avenue?

V.K.S Avenue is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for a property in V.K.S Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,69,000. The stamp duty at 7% is Rs 32,830, and the registration fee at 2% is Rs 9,380, totaling Rs 42,210.

Which office handles property registration for V.K.S Avenue?

The Sriperumpudur Sub Registrar Office is responsible for property registration in V.K.S Avenue, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.