Guideline Value for Ananda Garden

Ananda Garden guideline value

The current guideline value of Ananda Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ananda Garden has changed

The guideline value for Ananda Garden has seen significant changes over the years. The earliest recorded figure is from 2002, which was Rs 196 per sq.ft. This value increased to Rs 220 per sq.ft in 2003, marking a 12% rise. The next major revision occurred in 2007, where the value jumped to Rs 1,500 per sq.ft, reflecting a substantial increase of 582%. In 2012, the value was Rs 3,000 per sq.ft, indicating a 100% increase from the previous figure. However, in 2017, it decreased to Rs 2,010 per sq.ft, representing a decline of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 3,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, showing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1584%.

Guideline values in Velachery

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ananda Garden?

The Sub Registrar Office that covers Ananda Garden 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ananda Garden?

The current guideline value of Ananda Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 196 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1584% over this period.

What are the stamp duty and registration fees for a property in Ananda Garden?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Ananda Garden?

Ananda Garden is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of Ananda Garden?

Ananda Garden is classified as Residential Class III Type - I, indicating its suitability for residential development.