Guideline Value for VAISHNAVI DEVI AVENUE

Vaishnavi Devi Avenue guideline value

The current guideline value of Vaishnavi Devi Avenue is Rs 2,000 per sq.ft. This street is located in Kovalam village and falls under the Thiruporur SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Vaishnavi Devi Avenue has changed

According to the guideline value register, the first recorded revision for Vaishnavi Devi Avenue was in 2017, where the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged in the subsequent revision in 2023, which also recorded the guideline value at Rs 2,000 per sq.ft, indicating a 0% change between these two revisions.

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figure for this street. Therefore, no changes or values can be provided for these years.

Guideline values in Kovalam

Currently, there are no specific village figures available for Kovalam. Vaishnavi Devi Avenue's guideline value is consistent with the overall guideline value trends in the area. Other streets in Kovalam have not been provided.

Stamp duty and registration fee for property in Vaishnavi Devi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaishnavi Devi Avenue?

The Sub Registrar Office that covers Vaishnavi Devi Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the buyer and seller must consider the guideline value to calculate the applicable charges. The higher of the guideline value or the sale price will be used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Vaishnavi Devi Avenue?

The current guideline value of Vaishnavi Devi Avenue is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Vaishnavi Devi Avenue has remained unchanged at Rs 2,000 per sq.ft from the 2017 revision to the 2023 revision, indicating a 0% change.

What are the stamp duty and registration fees for properties in Vaishnavi Devi Avenue?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for Vaishnavi Devi Avenue?

The registration for properties on Vaishnavi Devi Avenue is handled by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets with guideline values in Kovalam?

Currently, there are no other streets in Kovalam listed with guideline values. Vaishnavi Devi Avenue is the only street mentioned in the available data.