Guideline Value for JOTHI PASU NAGAR

Jothi Pasu Nagar guideline value

The current guideline value of Jothi Pasu Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Mixed Type - II land.

How the guideline value of Jothi Pasu Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision also maintains this figure, showing no change from the previous year.

It is important to note that the register has no figure for Jothi Pasu Nagar for the years 2002, 2003, and 2007. Therefore, we only have the figures from the revisions in 2012, 2017, 2023, and 2024 to consider.

Guideline values in Kunduperumpedu

In Kunduperumpedu village, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, positioning Jothi Pasu Nagar above this median.

• J.J.Nagar Main Road: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 1st Street: Rs 200 per sq.ft (2024)
• Jeyam Nagar: Rs 150 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Pasu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees together Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jothi Pasu Nagar?

The Sub Registrar Office that covers Jothi Pasu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kunduperumpedu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jothi Pasu Nagar?

The current guideline value of Jothi Pasu Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Jothi Pasu Nagar has seen changes from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024.

What is the median guideline value in Kunduperumpedu?

The median guideline value in Kunduperumpedu village is Rs 200 per sq.ft, with Jothi Pasu Nagar's 2024 figure being above this median.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles registrations for Jothi Pasu Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for Jothi Pasu Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.