Guideline Value for V.N.D. Avenue

V.N.D. Avenue guideline value

The current guideline value of V.N.D. Avenue is Rs 1,500 per sq.ft. This street is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of V.N.D. Avenue has changed

Over the years, the guideline value of V.N.D. Avenue has seen several revisions. The oldest recorded revision is from 2007, where the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which represented a decrease of 33% from the previous figure. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 150%.

Guideline values in Urapakkam

While specific village figures are not provided, V.N.D. Avenue's guideline value sits at Rs 1,500 per sq.ft. Unfortunately, there are no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in V.N.D. Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.N.D. Avenue?

The Gooduvancheri Sub Registrar Office covers V.N.D. Avenue. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Urapakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both the buyer and seller. It helps in establishing a fair price for the transaction, as the stamp duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of V.N.D. Avenue?

The current guideline value of V.N.D. Avenue is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in V.N.D. Avenue?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for V.N.D. Avenue?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for V.N.D. Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

No other streets in Urapakkam are listed under the Gooduvancheri SRO, so V.N.D. Avenue is the only one mentioned with a guideline value.