Guideline Value for E.S.I. Anna Nagar

E.S.I. Anna Nagar guideline value

The current guideline value of E.S.I. Anna Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of E.S.I. Anna Nagar has changed

The guideline value of E.S.I. Anna Nagar has undergone several revisions over the years. The earliest recorded figure was Rs 128 per sq.ft in 2002, which increased to Rs 150 per sq.ft in 2003, marking a 17% rise. By 2007, the value surged to Rs 200 per sq.ft, an increase of 33%. The next significant jump occurred in 2012 when the guideline value reached Rs 1,400 per sq.ft, reflecting a remarkable 600% increase from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 1,500 per sq.ft, which is a 7% increase from the 2012 figure. It is important to note that there are no figures for the years 2017 and 2023 for this street in the register.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for E.S.I. Anna Nagar is below this median.

• Errikkarai Street: Rs 1,900 per sq.ft (2024)
• Eswari Street Devi Nagar: Rs 2,400 per sq.ft (2024)
• Etiamman Nagar (s.no 175/4): Rs 1,100 per sq.ft (2024)
• Ettiamman Nagar Extention (S.No.175 only) AIR BACK: Rs 1,100 per sq.ft (2024)
• Ettiyamman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Koil 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in E.S.I. Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers E.S.I. Anna Nagar?

The E.S.I. Anna Nagar area falls under the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

At the time of registration, the guideline value or the sale price, whichever is higher, will be considered for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of E.S.I. Anna Nagar?

The current guideline value of E.S.I. Anna Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 128 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, representing an overall increase of 1072% over the years.

What is the land classification of E.S.I. Anna Nagar?

E.S.I. Anna Nagar is classified as Residential Class III Type - II, which indicates its suitability for residential development.

Which office handles registrations for E.S.I. Anna Nagar?

The Ambattur Sub Registrar Office is responsible for handling registrations for E.S.I. Anna Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in E.S.I. Anna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.