Guideline Value

Corporate

Guideline Value for JOTHI NAGAR PART-II

₹104/sq.ft.

The guideline value for Jothi Nagar Part-ii in Palliagaram village (Salavakkam SRO, Chengalpattu zone) is Rs 104 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 4% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Palliagaram

Village

Salavakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹104 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/1a, Thottakkara Street, Salavakkam, 603 107
044-27275222
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jothi Nagar Part-ii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Jothi Nagar Part-II guideline value

The current guideline value of Jothi Nagar Part-II is Rs 104 per sq.ft, effective from 1 July 2024. This area is located in Palliagaram village and falls under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Jothi Nagar Part-II has changed

The guideline value for Jothi Nagar Part-II has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was followed by a decrease to Rs 67 per sq.ft in the 2017 revision. However, the value rebounded significantly to Rs 100 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 104 per sq.ft, marking a 4% increase from the previous year.

Looking at the changes over the years, from 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 4%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palliagaram

In Palliagaram, there are seven streets under the Salavakkam SRO that carry a 2024 guideline value of Rs 104 per sq.ft, with the median also being Rs 104 per sq.ft. Jothi Nagar Part-II's 2024 figure is equal to this median.

Stamp duty and registration fee for property in Jothi Nagar Part-II

For a 1,000 sq.ft plot at the current rate of Rs 104 per sq.ft, the guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total to Rs 9,360. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar Part-II?

The Sub Registrar Office that covers Jothi Nagar Part-II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palliagaram. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar Part-II?

The current guideline value of Jothi Nagar Part-II is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 104 per sq.ft in 2024.

What is the stamp duty rate for property in Jothi Nagar Part-II?

The stamp duty rate for property in Jothi Nagar Part-II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jothi Nagar Part-II?

The Sub Registrar Office for Jothi Nagar Part-II is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand this value to ensure compliance with local regulations.