Guideline Value for JOTHI NAGAR

Jothi Nagar guideline value

The current guideline value of Jothi Nagar is Rs 800 per sq.ft. This area is located in Kelambakkam village under the Thiruporur SRO, classified as Residential Class III Type - I.

How the guideline value of Jothi Nagar has changed

The guideline value for Jothi Nagar has undergone several changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 220% rise. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, representing a decrease of 33% from the previous revision.

As of the 2023 revision, the guideline value has been revised to Rs 800 per sq.ft again. This change from 2017 to 2023 reflects an increase of 49%. Overall, from 2007 to 2023, the guideline value has increased by 220%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures provided for Kelambakkam. Jothi Nagar is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in Jothi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total Rs 72,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar?

The Sub Registrar Office that covers Jothi Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Kelambakkam. It serves as a basis for calculating stamp duty and registration fees, which are mandatory for any property transaction. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during registration.

When a property is sold, the guideline value is used to determine the minimum value for taxation purposes, regardless of the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and has returned to Rs 800 per sq.ft in 2023.

What is the classification of land in Jothi Nagar?

Jothi Nagar is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Jothi Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles registrations for Jothi Nagar?

The Thiruporur Sub Registrar Office handles registrations for Jothi Nagar, located at No.29, South Mada Street, Thiruporur-603110.