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Guideline Value

Corporate

Guideline Value for Jothi Nagar (Vaigai Street)

₹2700/sq.ft.

The guideline value for Jothi Nagar (vaigai Street) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jothi Nagar (vaigai Street)

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Jothi Nagar (Vaigai Street) guideline value

The current guideline value for Jothi Nagar (Vaigai Street) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Jothi Nagar (Vaigai Street) has changed

The guideline value for Jothi Nagar (Vaigai Street) has seen several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and in the latest revision for 2024, it has risen to Rs 2,700 per sq.ft.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The change from 2023 to 2024 represents an 8% increase, while the overall change from 2012 to 2024 is an 8% increase as well. The increase from 2017 to 2023 was a substantial 49%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing Jothi Nagar (Vaigai Street) above this median.

Stamp duty and registration fee for property in Jothi Nagar (Vaigai Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please 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 (Vaigai Street)?

The Sub Registrar Office that covers Jothi Nagar (Vaigai Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO online.

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

The guideline value is a critical factor in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuations set by the government.

Frequently asked questions

What is the current guideline value of Jothi Nagar (Vaigai Street)?

The current guideline value of Jothi Nagar (Vaigai Street) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. It was Rs 1,675 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Jothi Nagar (Vaigai Street)?

Jothi Nagar (Vaigai Street) is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in Jothi Nagar (Vaigai Street)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,43,000 based on the current guideline value.

Where is the Sub Registrar Office for Jothi Nagar (Vaigai Street)?

The Ambattur Sub Registrar Office covers Jothi Nagar (Vaigai Street) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.