Guideline Value

Corporate

Guideline Value for Anna Nagar Extn 1st Main Road

₹3850/sq.ft.

The guideline value for Anna Nagar Extn 1st Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anna Nagar Extn 1st Main Road

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Anna Nagar Extn 1st Main Road guideline value

The current guideline value of Anna Nagar Extn 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Anna Nagar Extn 1st Main Road has changed

The guideline value for Anna Nagar Extn 1st Main Road has undergone several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 133% rise. However, it then dropped to Rs 2,345 per sq.ft in 2017, representing a decrease of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has increased to Rs 3,850 per sq.ft in 2024, a change of 10%.

Between the 2017 and 2023 revisions, the guideline value saw a substantial increase of 49%. From the initial figure in 2007 to the current value in 2024, there has been an overall increase of 157%. 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. The guideline value for Anna Nagar Extn 1st Main Road is below this median.

Stamp duty and registration fee for property in Anna Nagar Extn 1st Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Extn 1st Main Road?

The Anna Nagar Extn 1st Main Road is covered by 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 crucial when buying or selling property in Velachery, as it serves as a benchmark for the registration process. It helps determine the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is referenced to assess the applicable fees. This ensures transparency and fairness in the property transaction process, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Anna Nagar Extn 1st Main Road?

The current guideline value of Anna Nagar Extn 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, starting from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking a total increase of 157%.

What is the land classification for Anna Nagar Extn 1st Main Road?

The land classification for Anna Nagar Extn 1st Main Road is Residential Class II Type - III.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500 based on the current guideline value.

Which office handles the registration for Anna Nagar Extn 1st Main Road?

The Velacheri Sub Registrar Office handles the registration for Anna Nagar Extn 1st Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.