Guideline Value for Anaga Street

Anaga Street guideline value

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

How the guideline value of Anaga Street has changed

The guideline value for Anaga Street has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 133%. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 2,345 per sq.ft. The value saw a substantial increase of 49% from 2017 to 2023, reaching Rs 3,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for Anaga Street. Overall, from 2007 to 2024, the guideline value has increased by 157%.

Guideline values in Velachery

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

• Anaga Street in Sachidhanantha 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

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 be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Please note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anaga Street?

The Sub Registrar Office that covers Anaga 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 is a crucial factor in property transactions in Velachery as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anaga Street?

The current guideline value of Anaga 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, marking a total increase of 157% over the years.

What are the stamp duty and registration fees for property in Anaga Street?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles property registration for Anaga Street?

The Velacheri Sub Registrar Office handles property registration for Anaga Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of Anaga Street?

Anaga Street is classified under Residential Class II Type - III, which indicates its designated use for residential purposes.