Guideline Value for JOTHI NAGAR

Jothi Nagar guideline value

The current guideline value of Jothi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village, under the Thiruporur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Jothi Nagar has changed

Since the 2017 revision, the guideline value for Jothi Nagar has seen significant changes. The 2017 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 50% rise. The most recent 2024 revision further increased the value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 65%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This lack of data means we can only consider the revisions from 2017 onwards for understanding the changes in guideline value.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,275 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is the same as the guideline value for Jothi Nagar.

• Janani's Kandhan Kottam Phase II: Rs 1,980 per sq.ft (2024)
• Dual Pride City: Rs 1,650 per sq.ft (2024)
• Dasara Bhoomi: Rs 1,650 per sq.ft (2024)
• Chellammal Nagar: Rs 1,100 per sq.ft (2024)
• Pachyappan Nagar: Rs 1,100 per sq.ft (2024)
• Palm Avenue: Rs 1,100 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. 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?

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 details.

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

The guideline value plays a crucial role in property transactions in Thandalam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the stamp duty. This ensures that all transactions are fairly assessed based on the established guidelines.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and now to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 65% since 2017.

What are the other streets with guideline values in Thandalam?

Other streets in Thandalam include Janani's Kandhan Kottam Phase II at Rs 1,980 per sq.ft, and Dual Pride City, Dasara Bhoomi, all at Rs 1,650 per sq.ft, among others.

What fees are associated with buying property in Jothi Nagar?

When buying property in Jothi Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Jothi Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.