Guideline Value for JOTHI NAGAR

Jothi Nagar guideline value

The current guideline value of Jothi Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village under the Kunrathur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jothi Nagar has changed

The guideline value for Jothi Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent 2024 revision has set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kannampalayam

Kannampalayam has 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. Jothi Nagar's 2024 figure of Rs 1,540 per sq.ft is above this median.

• Hanu Garden: Rs 2,460 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 990 per sq.ft (2024)
• G.P.R.Nagar: Rs 765 per sq.ft (2024)
• Kps Nagar: Rs 2,310 per sq.ft (2024)
• Ganathiya Villa Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• Emarald Park: Rs 765 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Jothi Nagar?

The Sub Registrar Office that covers Jothi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kannampalayam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the costs involved in the registration process. Understanding this value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the guideline values of other streets in Kannampalayam?

Other streets in Kannampalayam have varying guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. For example, Hanu Garden is valued at Rs 2,460 per sq.ft, while Karpaga Vinayagar Nagar is at Rs 990 per sq.ft.

What is the stamp duty for property in Jothi Nagar?

The stamp duty for property in Jothi Nagar is calculated at 7% of the guideline value. For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800.

Which office handles the registration for Jothi Nagar?

The Kunrathur Sub Registrar Office handles the registration for Jothi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.