Guideline Value for Anna Garden

Anna Garden guideline value

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

How the guideline value of Anna Garden has changed

The guideline value for Anna Garden has seen several revisions over the years. In 2002, the guideline value was Rs 389 per sq.ft, which increased to Rs 436 per sq.ft in 2003, marking a 12% rise. The value then surged significantly to Rs 1,500 per sq.ft in 2007, representing a 244% increase. Following this, in 2012, the value was recorded at Rs 3,500 per sq.ft, reflecting a 133% increase from the previous revision. However, from 2012 to 2017, the guideline value decreased by 33% to Rs 2,345 per sq.ft. The value then rose to Rs 3,500 per sq.ft in 2023, a 49% increase, and finally reached the current rate of Rs 3,850 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years not mentioned in the register for this street. The overall increase from 2002 to 2024 stands at 890%.

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, placing Anna Garden's 2024 figure below this median.

• Anna Garden 1st Street: Rs 3,850 per sq.ft (2024)
• Anna Garden 2nd Street: Rs 3,850 per sq.ft (2024)
• Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar 2nd Cross Street, Sasthri Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Garden

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 charges to Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Garden?

The Sub Registrar Office that covers Anna 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 registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Garden?

The current guideline value of Anna Garden 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 389 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 890% over this period.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur total charges of Rs 3,46,500 based on the current guideline value.

Which office handles property registrations for Anna Garden?

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

Where can I find more information about the guideline values in Velachery?

For more information about guideline values in Velachery, you can refer to the official guidelines provided by the Registration Department's guideline value register (TNReginet).