Guideline Value for Jagannatha Gramani Thottam

Jagannatha Gramani Thottam guideline value

The current guideline value of Jagannatha Gramani Thottam is Rs 3,400 per sq.ft, effective from 1 July 2024. This property is located in Satthankadu village under the Thiruvottiyur SRO, classified as Residential Special Type - III.

How the guideline value of Jagannatha Gramani Thottam has changed

The guideline value for Jagannatha Gramani Thottam has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 315 per sq.ft. This increased to Rs 364 per sq.ft in 2003, followed by a significant rise to Rs 600 per sq.ft in 2007. The 2012 revision brought the value back to Rs 3,100 per sq.ft, but it dropped to Rs 2,077 per sq.ft in 2017. The value then increased to Rs 3,100 per sq.ft in 2023, and finally, it stands at Rs 3,400 per sq.ft from the 2024 revision.

In terms of percentage changes, the guideline value rose by 16% from 2002 to 2003, followed by a 65% increase from 2003 to 2007. The value saw a staggering increase of 417% from 2007 to 2012, but then it decreased by 33% from 2012 to 2017. The next revision saw a substantial increase of 49% from 2017 to 2023, and the most recent revision from 2023 to 2024 shows a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 979%.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,400 per sq.ft, which is equal to the current value of Jagannatha Gramani Thottam.

• Janagiammal Estate: Rs 3,400 per sq.ft (2024)
• Jandravar Street: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 3,400 per sq.ft (2024)
• Iluppai Thopu: Rs 3,400 per sq.ft (2024)
• GirijaNagar: Rs 3,400 per sq.ft (2024)
• Ganthi Nagar Link Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jagannatha Gramani Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, making the total fees together Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagannatha Gramani Thottam?

The Sub Registrar Office that covers Jagannatha Gramani Thottam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Satthankadu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers 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 Jagannatha Gramani Thottam?

The current guideline value of Jagannatha Gramani Thottam is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 315 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 979% over this period.

What is the land classification of Jagannatha Gramani Thottam?

Jagannatha Gramani Thottam is classified as Residential Special Type - III.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Jagannatha Gramani Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,38,000.