Guideline Value for Annai Sivagami Nagar

Annai Sivagami Nagar guideline value

The current guideline value of Annai Sivagami Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Ernavur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Annai Sivagami Nagar has changed

The guideline value for Annai Sivagami Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was an increase of 87%, while from 2012 to 2017, the value decreased by 33%. The increase from 2007 to 2012 was substantial at 220%. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Annai Sivagami Nagar is below this median.

• Ambethkar Nagar: Rs 2,400 per sq.ft (2024)
• All India Radio Nagar: Rs 1,400 per sq.ft (2024)
• Adhidhravidar Nagar: Rs 1,400 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,400 per sq.ft (2024)
• Balaji Nagar: Rs 1,600 per sq.ft (2024)
• Barath Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sivagami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Annai Sivagami Nagar?

The Sub Registrar Office that covers Annai Sivagami Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ernavur

The guideline value is an essential factor when registering property transactions in Ernavur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Sivagami Nagar?

The current guideline value of Annai Sivagami Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the land classification of Annai Sivagami Nagar?

Annai Sivagami Nagar is classified as Residential Class II Type - III, which indicates its primary use for residential purposes.

What are the other streets in Ernavur with their guideline values?

Other streets in Ernavur include Ambethkar Nagar at Rs 2,400 per sq.ft, All India Radio Nagar at Rs 1,400 per sq.ft, and Balaji Nagar at Rs 1,600 per sq.ft, among others.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.