Guideline Value for Anna Nagar 3rd Avenue

Anna Nagar 3rd Avenue guideline value

The current guideline value of Anna Nagar 3rd Avenue is Rs 4,400 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 - II.

How the guideline value of Anna Nagar 3rd Avenue has changed

The guideline value for Anna Nagar 3rd Avenue has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The following revisions showed a notable increase, with the value rising to Rs 4,000 per sq.ft in 2023 and reaching the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. The overall change from 2007 to 2024 shows a remarkable increase of 193%. 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 the median value being Rs 4,400 per sq.ft. The guideline value for Anna Nagar 3rd Avenue is equal to this median.

• Anna Nagar 3rd Avenue Extn: Rs 3,850 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Anna Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Anna Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Anna Nagar 4th Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar 3rd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar 3rd Avenue?

The Anna Nagar 3rd Avenue falls under 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 reference point when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees applicable during the registration process at the Sub Registrar Office.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property in the official register. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anna Nagar 3rd Avenue?

The current guideline value of Anna Nagar 3rd Avenue is Rs 4,400 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 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 193%.

What are the stamp duty and registration fees for property in Anna Nagar 3rd Avenue?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Anna Nagar 3rd Avenue?

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

What is the land classification for Anna Nagar 3rd Avenue?

Anna Nagar 3rd Avenue is classified as Residential Class II Type - II.