Guideline Value for Jothi Mani Street

Jothi Mani Street guideline value

The current guideline value of Jothi Mani Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Jothi Mani Street has changed

The guideline value for Jothi Mani Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This figure increased significantly in the 2023 revision to Rs 1,000 per sq.ft, marking a 49% increase. The most recent revision in 2024 raised the guideline value further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for Jothi Mani Street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, and Jothi Mani Street's 2024 figure is below this median.

• J.J. Nagar: Rs 1,320 per sq.ft (2024)
• Jeeva Street: Rs 1,100 per sq.ft (2024)
• Jeevadoss Nagar: Rs 1,100 per sq.ft (2024)
• Kakidhe Millath Stree/Co-Operative Colony: Rs 1,320 per sq.ft (2024)
• Jayanthi Nagar Karumariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kakidhe Millath Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Mani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jothi Mani Street?

The Sub Registrar Office that covers Jothi Mani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Pozhichalur. It is the minimum value set by the government for property registration, ensuring that the property is registered at a value that reflects its worth according to the local market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Jothi Mani Street?

The current guideline value of Jothi Mani Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024. The most significant change occurred from 2023 to 2024, where the value increased by 10%.

What is the land classification for Jothi Mani Street?

Jothi Mani Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jothi Mani Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7% and a registration fee of Rs 22,000 at 2%.