Guideline Value for Ananda garden (100 Ft. Bye Pass Road)

Ananda garden (100 Ft. Bye Pass Road) guideline value

The current guideline value for Ananda garden (100 Ft. Bye Pass Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ananda garden (100 Ft. Bye Pass Road) has changed

The guideline value for Ananda garden has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 12,000 per sq.ft in 2012, marking a 500% rise. However, this value decreased to Rs 8,040 per sq.ft in 2017, reflecting a 33% drop. The value then rose again to Rs 12,000 per sq.ft in 2023, and most recently, it has increased to Rs 13,200 per sq.ft in 2024, representing a 10% increase.

Overall, from the 2007 revision to the current 2024 value, there has been a total increase of 560%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Ananda garden (100 Ft. Bye Pass Road) is above this median value.

• Ananda Garden: Rs 3,300 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 (100 Ft. Bye Pass Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ananda garden (100 Ft. Bye Pass Road)?

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 when buying or selling property in Velachery. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. The higher of the guideline value or the sale price is used to determine these fees.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations and accurately calculate the costs associated with property transactions. It is advisable to check the latest revisions to stay informed about any changes that may affect property dealings.

Frequently asked questions

What is the current guideline value for Ananda garden?

The current guideline value for Ananda garden (100 Ft. Bye Pass Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the stamp duty rate for properties in Ananda garden?

The stamp duty rate for properties in Ananda garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

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

What is the land classification for Ananda garden?

The land classification for Ananda garden (100 Ft. Bye Pass Road) is Commercial Class I Type - I.