Guideline Value for VRK AVENUE

Vrk Avenue guideline value

The current guideline value of Vrk Avenue in Kavanur village under the Gooduvancheri SRO is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - IV.

How the guideline value of Vrk Avenue has changed

The guideline value for Vrk Avenue has remained consistent at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, reflecting a stable valuation at Rs 1,000 per sq.ft. This consistency indicates that the guideline value has not fluctuated during these two years.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Vrk Avenue's value above this median.

• Vinoth Nagar: Rs 700 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Vgn Southern Meadows Phase IV: Rs 2,239 per sq.ft (2024)
• V.G.N. Southern County Phase-II: Rs 600 per sq.ft (2024)
• Vatchala Garden: Rs 500 per sq.ft (2024)
• Vaishnavi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vrk Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vrk Avenue?

The Sub Registrar Office that covers Vrk Avenue is the Gooduvancheri Sub Registrar Office, 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 Kavanur

The guideline value plays a crucial role during the registration of property transactions in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vrk Avenue?

The current guideline value of Vrk Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vrk Avenue has remained unchanged at Rs 1,000 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Vrk Avenue?

Vrk Avenue is classified as Residential Special Type - IV. This classification can impact the types of developments allowed in the area.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Vrk Avenue located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. This office handles the registration of properties in the area.