Guideline Value for JOTHI NAGAR

Jothi Nagar guideline value

The current guideline value of Jothi Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Jothi Nagar has changed

The guideline value for Jothi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The changes between revisions show a 49% increase from 2017 to 2023, while the overall change from 2012 to 2024 is 0%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is equal to the guideline value for Jothi Nagar.

• Kakkalur Housing Board Commercial Area: Rs 3,000 per sq.ft (2024)
• Kakkalur Housing Board Hig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur Housing Board Lig Type: Rs 1,500 per sq.ft (2024)
• Kakkalur Housing Board Mig Type: Rs 2,500 per sq.ft (2024)
• Kakkalur - Putlur Main Road: Rs 626 per sq.ft (2024)
• Kakkalur Tamil Nadu Housing Board -Type-A,B: Rs 400 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 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important to 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 information.

Which Sub Registrar Office covers Jothi Nagar?

The Sub Registrar Office that covers Jothi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring transparency in property dealings.

When buying or selling property, it is essential to be aware of the current guideline value, as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

What is the stamp duty for a property in Jothi Nagar?

The stamp duty for a property valued at Rs 6,26,000 in Jothi Nagar is calculated at 7%, which amounts to Rs 43,820.

Which office handles registrations for Jothi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Jothi Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Jothi Nagar?

Jothi Nagar is classified as Residential Class II Type - III according to the land classification in the area.