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Guideline Value

Corporate

Guideline Value for JOTHI NAGAR PART-I

₹104/sq.ft.

The guideline value for Jothi Nagar Part-i 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-i

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Jothi Nagar Part-I guideline value

The current guideline value of Jothi Nagar Part-I 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-I has changed

The guideline value for Jothi Nagar Part-I has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the guideline value increased to Rs 100 per sq.ft in the 2023 revision and further rose to Rs 104 per sq.ft in the 2024 revision, marking a 4% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 4%. This shows the fluctuations in the guideline value over the years, reflecting changes in the property landscape.

Guideline values in Palliagaram

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value amounts to Rs 1,04,000. The stamp duty, calculated at 7%, would be Rs 7,280, while the registration fee at 2% would be Rs 2,080. Together, the total fees would amount to Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar Part-I?

The Sub Registrar Office that covers Jothi Nagar Part-I is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

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, which are essential components of the property transaction. The guideline value is set by the government and reflects the market conditions and property values in the area.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with the legal requirements set by the authorities.

Frequently asked questions

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

The current guideline value of Jothi Nagar Part-I 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 to Rs 100 per sq.ft in 2023, and finally to Rs 104 per sq.ft in 2024.

What is the land classification for Jothi Nagar Part-I?

The land classification for Jothi Nagar Part-I is Residential Special Type - I.

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

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

How is the stamp duty calculated for property in Jothi Nagar Part-I?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 104 per sq.ft would incur a stamp duty of Rs 7,280.