Guideline Value for Jothi Nagar 12th Street

Jothi Nagar 12th Street guideline value

The current guideline value of Jothi Nagar 12th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Jothi Nagar 12th Street has changed

The guideline value for Jothi Nagar 12th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced 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 finally rose to Rs 2,700 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 8% from 2023 to 2024. The jump from 2017 to 2023 was notable at 49%, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Jothi Nagar 12th Street's 2024 figure above this median.

• Jothi Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 10th 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 12th 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, and the registration fee at 2% would be Rs 54,000. Together, the total charges would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar 12th Street?

The Sub Registrar Office that covers Jothi Nagar 12th Street is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering properties in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

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

Frequently asked questions

What is the current guideline value of Jothi Nagar 12th Street?

The current guideline value of Jothi Nagar 12th 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 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Jothi Nagar 12th Street?

Jothi Nagar 12th Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Jothi Nagar 12th Street?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.