The video signal transmission and reception system performs transmission of a video signal and a control signal between the video signal transmitting device and the video signal receiving device via a common transmission line. The video signal transmitting device includes a video signal transmitter, a control signal transmitter and receiver, a filter circuit, a controller, and a camera. The video signal receiving device includes a video signal receiver, a control signal transmitter and receiver, a filter circuit, and a controller. By performing time management control performed by the controller or the controller such that the period of the transient state of transmission of the video signal is within the non-communication period of the control signal, interference between the video signal and the control signal in the period of the transient state of transmission of the video signal is suppressed.