Guideline Value for JOTHI NAGAR

Jothi Nagar guideline value

The current guideline value of Jothi Nagar, located in Chettipunniyam village under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Jothi Nagar has changed

The guideline value for Jothi Nagar has remained consistent at Rs 700 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

Thus, the only available guideline values for Jothi Nagar are Rs 700 per sq.ft for both the 2023 and 2024 revisions, indicating no change in the guideline value over this period.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value in this area is Rs 900 per sq.ft, placing Jothi Nagar's 2024 figure below that median.

• Jp Hill View Enclave: Rs 1,200 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 per sq.ft (2024)
• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Golden Nagar: Rs 1,000 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar?

The Sub Registrar Office covering Jothi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chettipunniyam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is particularly important for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations 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 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jothi Nagar has remained at Rs 700 per sq.ft since the 2023 revision. There are no figures available for this street in the previous revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Chettipunniyam?

The median guideline value in Chettipunniyam is Rs 900 per sq.ft, which is higher than the current guideline value of Jothi Nagar.

What are the stamp duty rates for properties in Jothi Nagar?

The stamp duty for properties in Jothi Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jothi Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.