Strain is a very effective method to tune electronic states of two-dimension (2D) materials, which can induce unique phase transition. Recently, 2D MA2Z4 family materials are of interest because of their emerging topological, magnetic and superconducting properties. Here, we investigate the impact of strain effects (a/a0:0.96∼1.04) on physical properties of Janus monolayer VSiGeN4 as a derivative of VSi2N4 or VGe2N4, which possesses dynamic, mechanical and thermal stabilities. For out-of-plane magnetic anisotropy, with increasing strain, VSiGeN4 undergoes ferrovalley semiconductor (FVS), half-valley-metal (HVM), valley-polarized quantum anomalous Hall insulator (VQAHI), HVM and FVS. These imply twice topological phase transition, which are related with sign-reversible Berry curvature and band inversion between dxy+d x 2 −y 2 and d z 2 orbitals for K or -K valley. The band inversion also leads to transformation of valley splitting strength between valence and conduction bands. However, for in-plane magnetic anisotropy, no special quantum anomalous Hall (QAH) states and valley polarization exist within considered strain range. The actual magnetic anisotropy energy (MAE) shows that the easy magnetization axis of VSiGeN4 possesses a complex strain dependence, and several transitions in the magnetic anisotropy can be observed. The intrinsic phase diagram shows no special QAH and HVM states in monolayer VSiGeN4. Fortunately, these can be easily achieved by external magnetic field, which can adjust easy magnetization axis of VSiGeN4 from in-plane one to out-of-plane one. Because strain can effectively tune the correlation strength (U ) of electron, the MAE as a function of U is calculated, which shows similar outline with MAE vs a/a0. Our findings shed light on strain effects on electronic states of VSiGeN4, which may open new perspectives for multifunctional quantum devices in valleytronics and spintronics.