Guideline Value for VJ AVENUE

Vj Avenue guideline value

The current guideline value of Vj Avenue, located in Melakottyur village under the Gooduvancheri SRO, is Rs 2,239 per sq.ft. The land classification for this area is Mixed Type - II.

How the guideline value of Vj Avenue has changed

According to the guideline value register, the earliest revision available for Vj Avenue is from 2002, but there is no figure for this street in that year. This pattern continues for the revisions in 2003, 2007, 2012, and 2017, as the register has no figures for these years either.

The most recent revision in 2023 shows the guideline value at Rs 2,239 per sq.ft. There have been no changes in the guideline value between these revisions, indicating a consistent valuation since the last recorded figure.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Vj Avenue is the only street mentioned in the context of guideline values in this village.

Stamp duty and registration fee for property in Vj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, leading to a total of Rs 2,01,510. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vj Avenue?

The Sub Registrar Office that covers Vj Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Melakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures compliance with local regulations and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Vj Avenue?

The current guideline value of Vj Avenue is Rs 2,239 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Vj Avenue since the earliest recorded revision in 2002, with the most recent figure being from 2023.

What are the stamp duty and registration fees for property in Vj Avenue?

For a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730, and the registration fee would be Rs 44,780, totaling Rs 2,01,510.

Which office handles property registrations for Vj Avenue?

The Gooduvancheri Sub Registrar Office handles property registrations for Vj Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there any guideline value for other streets in Melakottyur?

No specific guideline values are available for other streets in Melakottyur at this time. Vj Avenue is the only street mentioned in the context of guideline values.