Guideline Value for Jothi Nagar 10th Street

Jothi Nagar 10th Street guideline value

The current guideline value of Jothi Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Jothi Nagar 10th Street has changed

The guideline value for Jothi Nagar 10th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,700 per sq.ft in the 2024 revision, reflecting an overall increase of 8% from 2012 to 2024.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 showed a decrease of 33%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Jothi Nagar 10th Street is above this median.

• Jothi Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 1st Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 2nd Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. It is important to note that 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 10th Street?

The Sub Registrar Office that covers Jothi Nagar 10th 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 for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a value that reflects the current market conditions as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Jothi Nagar 10th Street?

The current guideline value of Jothi Nagar 10th 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. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification of Jothi Nagar 10th Street?

Jothi Nagar 10th Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Jothi Nagar 10th Street?

For a property valued at the current guideline of Rs 2,700 per sq.ft, the stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,43,000.

Which office handles registrations for Jothi Nagar 10th Street?

The Ambattur Sub Registrar Office handles registrations for Jothi Nagar 10th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.