Guideline Value

Corporate

Guideline Value for Anna Nagar Extn 4th Main Road

₹3850/sq.ft.

The guideline value for Anna Nagar Extn 4th 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 4th Main Road

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Anna Nagar Extn 4th Main Road guideline value

The current guideline value of Anna Nagar Extn 4th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Anna Nagar Extn 4th Main Road has changed

The guideline value for Anna Nagar Extn 4th Main Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,500 per sq.ft, which increased significantly by 133% to Rs 3,500 per sq.ft in 2012. However, in the 2017 revision, the value decreased by 33% to Rs 2,345 per sq.ft. The 2023 revision saw a substantial increase of 49%, bringing the value up to Rs 3,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 157%.

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. The median value for these streets is Rs 4,400 per sq.ft, placing the 2024 figure for Anna Nagar Extn 4th Main Road below this median.

Stamp duty and registration fee for property in Anna Nagar Extn 4th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, these fees would total Rs 3,46,500. It is important to note that 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 details.

Which Sub Registrar Office covers Anna Nagar Extn 4th Main Road?

The Sub Registrar Office that covers Anna Nagar Extn 4th Main Road 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 plays a crucial role in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the fees are calculated based on an official valuation of the property, providing a standardized approach to property transactions.

When selling property, the guideline value can influence the sale price, as it serves as a reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction.

Frequently asked questions

What is the current guideline value of Anna Nagar Extn 4th Main Road?

The current guideline value of Anna Nagar Extn 4th Main Road 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 several times, starting from Rs 1,500 per sq.ft in 2007, increasing to Rs 3,500 in 2012, then decreasing to Rs 2,345 in 2017, and finally reaching Rs 3,850 in 2024.

What is the land classification for Anna Nagar Extn 4th Main Road?

Anna Nagar Extn 4th Main Road is classified as Residential Class II Type - III.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles the registration for Anna Nagar Extn 4th Main Road?

The Velacheri Sub Registrar Office handles the registration for Anna Nagar Extn 4th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.