Guideline Value for JOTHI DURAI STREET

Jothi Durai Street guideline value

The current guideline value of Jothi Durai Street is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village under the Selaiyur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Jothi Durai Street has changed

The guideline value for Jothi Durai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 2,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 2,725 per sq.ft, reflecting a rise of 9% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Jothi Durai Street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value is Rs 2,725 per sq.ft, which is equal to the current value of Jothi Durai Street.

• Jey Yes Road: Rs 2,725 per sq.ft (2024)
• Jeeva Street: Rs 3,300 per sq.ft (2024)
• Kailash Nagar: Rs 2,725 per sq.ft (2024)
• Jaya Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Jaya Nagar 1st- 3rd Main Road: Rs 1,600 per sq.ft (2024)
• Jaya Nagar 1st - 26th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Durai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total cost for these fees to Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Jothi Durai Street?

The Sub Registrar Office that covers Jothi Durai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and provides a clear framework for both buyers and sellers. It is essential 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 Jothi Durai Street?

The current guideline value of Jothi Durai Street is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Jothi Durai Street has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the land classification of Jothi Durai Street?

Jothi Durai Street is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Jothi Durai Street?

Stamp duty for properties in Jothi Durai Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,25,000 would incur a stamp duty of Rs 1,90,750 at a rate of 7%.