Guideline Value for V.S.N.Avenue

V.S.N.Avenue guideline value

The current guideline value of V.S.N.Avenue in Mathuranthagam village is Rs 1,110 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Residential Special Type - I.

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

The guideline value for V.S.N.Avenue has undergone several revisions over the years. The earliest available figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 233% rise. However, in 2017, the value decreased to Rs 670 per sq.ft, which was a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,110 per sq.ft in 2024, reflecting an 11% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 270%. The changes between the revisions highlight the fluctuations in property values over time, with the most significant increase occurring from 2007 to 2012.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing V.S.N.Avenue's 2024 figure above this median.

• V J K Nagar: Rs 1,110 per sq.ft (2024)
• Vishnu Nagar: Rs 770 per sq.ft (2024)
• Viruksham Avenue: Rs 775 per sq.ft (2024)
• Vijaya Vishnu Nagar Phase-II: Rs 775 per sq.ft (2024)
• Vijaya Vishnu Nagar: Rs 770 per sq.ft (2024)
• VENGATESWARA NAGAR (190/1a/1a2b/1b): Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty, charged at 7%, would amount to Rs 77,700, while the registration fee at 2% would be Rs 22,200. Together, these costs would total Rs 99,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers V.S.N.Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mathuranthagam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers should be aware that the registration office will use this value to assess the applicable fees, which can significantly impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of V.S.N.Avenue is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 270% over this period.

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

V.S.N.Avenue is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for V.S.N.Avenue?

The registration office covering V.S.N.Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for property in V.S.N.Avenue?

Stamp duty for property in V.S.N.Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 77,700 at the current guideline value.