Guideline Value for VSV Avenue

VSV Avenue guideline value

The current guideline value of VSV Avenue in Paandoor village, under the Thiruporur SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of VSV Avenue has changed

Over the years, the guideline value of VSV Avenue has remained consistent. The 2017 revision recorded a guideline value of Rs 1,110 per sq.ft, which was also maintained in the 2023 revision. The most recent 2024 revision continues this trend with the same figure of Rs 1,110 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has not changed from Rs 1,110 per sq.ft since the 2017 revision.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,493 per sq.ft, placing VSV Avenue's 2024 figure below that median.

• Venkateshwar Avenue: Rs 805 per sq.ft (2024)
• Venkateshwara Avenue Phase I & II: Rs 600 per sq.ft (2024)
• Velan Avenue: Rs 1,493 per sq.ft (2024)
• United Enclave: Rs 2,000 per sq.ft (2024)
• Sri Sumangali Nagar: Rs 1,200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in VSV Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,110 per sq.ft, the guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, totaling Rs 99,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VSV Avenue?

The VSV Avenue is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, 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 Paandoor

The guideline value is a crucial factor when registering property in Paandoor. It determines the amount of stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value serves as a benchmark for the transaction price, ensuring that the appropriate taxes are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of VSV Avenue?

The current guideline value of VSV 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 remained unchanged at Rs 1,110 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for VSV Avenue?

VSV Avenue is classified as Residential Class II Type - II, indicating its use for residential purposes.

What are the other streets in Paandoor and their guideline values?

Other streets in Paandoor include Venkateshwar Avenue at Rs 805 per sq.ft, Venkateshwara Avenue Phase I & II at Rs 600 per sq.ft, and several others with varying guideline values.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.