Guideline Value for V.P. Chithan Avenue

V.P. Chithan Avenue guideline value

The current guideline value of V.P. Chithan Avenue is Rs 1,195 per sq.ft as per the 2023 revision. This street is located in Ayyencheri village and falls under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of V.P. Chithan Avenue has changed

Over the years, the guideline value of V.P. Chithan Avenue has seen significant changes. The 2007 revision recorded a value of Rs 325 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 208%. However, from 2012 to 2017, the value decreased by 20% to Rs 800 per sq.ft. The most recent revision in 2023 shows a guideline value of Rs 1,195 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 268%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. V.P. Chithan Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in V.P. Chithan Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,195 per sq.ft, the guideline value amounts to Rs 11,95,000. The stamp duty at 7% would be Rs 83,650, and the registration fee at 2% would be Rs 23,900, bringing the total to Rs 1,07,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating stamp duty and registration fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.P. Chithan Avenue?

The V.P. Chithan Avenue is covered by the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ayyencheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions. It is essential to consider this value when planning any property transactions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of V.P. Chithan Avenue?

The current guideline value of V.P. Chithan Avenue is Rs 1,195 per sq.ft according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 325 per sq.ft in 2007 to Rs 1,195 per sq.ft in 2023, marking an overall increase of 268%. There were fluctuations, including a decrease from Rs 1,000 per sq.ft in 2012 to Rs 800 per sq.ft in 2017.

What are the stamp duty and registration fees for properties in V.P. Chithan Avenue?

For a property valued at Rs 11,95,000, the stamp duty would be Rs 83,650 and the registration fee would be Rs 23,900, totaling Rs 1,07,550. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers V.P. Chithan Avenue?

The Gooduvancheri Sub Registrar Office covers V.P. Chithan Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed under the Gooduvancheri SRO with guideline values available.