Guideline Value for Anaga Street in Sachidhanantha Street

Anaga Street in Sachidhanantha Street guideline value

The current guideline value of Anaga Street in Sachidhanantha Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Anaga Street in Sachidhanantha Street has changed

The guideline value for Anaga Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 133% rise. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then surged to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,850 per sq.ft in the 2024 revision, which is a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 157%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Anaga Street's 2024 figure below that median.

• Anaga Street: Rs 3,850 per sq.ft (2024)
• Amudha Street: Rs 3,300 per sq.ft (2024)
• Ananda Garden: Rs 3,300 per sq.ft (2024)
• Ananda garden (100 Ft. Bye Pass Road): Rs 13,200 per sq.ft (2024)
• Amirtham Avenue (Udayam Nagar): Rs 3,850 per sq.ft (2024)
• Amirtham Avenue: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Anaga Street in Sachidhanantha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Anaga Street in Sachidhanantha Street?

The Sub Registrar Office that covers Anaga Street in Sachidhanantha Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Velachery. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the correct revenue from property transactions.

When selling a property, the guideline value is also significant as it helps determine the minimum price at which a property can be sold. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Anaga Street?

The current guideline value of Anaga Street in Sachidhanantha Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, showing significant increases and a few fluctuations over the years.

What is the stamp duty for a property in Anaga Street?

The stamp duty for a property in Anaga Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Anaga Street located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the guideline values of other streets in Velachery?

The guideline values of other streets in Velachery vary, with rates ranging from Rs 3,300 to Rs 13,200 per sq.ft. Anaga Street's value is Rs 3,850 per sq.ft, which is below the median of Rs 4,400 per sq.ft.