Guideline Value for Anusuya Street

Anusuya Street guideline value

The current guideline value of Anusuya Street is Rs 3,850 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Anusuya Street has changed

Over the years, the guideline value of Anusuya Street has seen several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 133%. However, the value decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 brought the value up to Rs 3,500 per sq.ft, followed by a further increase to Rs 3,850 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002 and 2003 for this street.

In summary, the guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 157% over this period. The most notable change occurred between 2017 and 2023, where the value increased by 49% from Rs 2,345 per sq.ft to Rs 3,500 per sq.ft.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, making Anusuya Street's current figure of Rs 3,850 per sq.ft below the median.

• Anna University (Padmavathi Nagar Ext): Rs 3,850 per sq.ft (2024)
• Anna Street Lane: Rs 3,850 per sq.ft (2024)
• Appasamy nagar: Rs 3,850 per sq.ft (2024)
• Anna Street: Rs 3,850 per sq.ft (2024)
• Anna Nagar Extn 5th Street: Rs 3,850 per sq.ft (2024)
• Anna Nagar Extn 5th Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Anusuya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anusuya Street?

The Sub Registrar Office that covers Anusuya Street 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 property transactions in Velachery, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant for property transactions.

Frequently asked questions

What is the current guideline value of Anusuya Street?

The current guideline value of Anusuya Street 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 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, with notable increases and decreases in between.

What is the land classification for Anusuya Street?

Anusuya Street is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Anusuya Street?

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.

Where is the Sub Registrar Office for Anusuya Street located?

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