Guideline Value for Jothi Nagar 2nd Street

Jothi Nagar 2nd Street guideline value

The current guideline value of Jothi Nagar 2nd 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 2nd Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,700 per sq.ft, which is a rise of 61%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

It is important to note that the register has no figures for Jothi Nagar 2nd Street for the years 2002, 2003, 2007, and 2023.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Jothi Nagar 2nd Street's 2024 figure above this median.

• Jothi Nagar 2nd Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 3nd Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 1st Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 2nd 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 to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jothi Nagar 2nd Street?

The Sub Registrar Office that covers Jothi Nagar 2nd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is used as a benchmark for property transactions in Thirumullaivoyal. When a property is bought or sold, the registration authority uses this value to determine the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs involved in the registration process. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar 2nd Street?

The current guideline value of Jothi Nagar 2nd 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, and then increased to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Jothi Nagar 2nd Street?

For a 1,000 sq.ft property, 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.

Which Sub Registrar Office covers Jothi Nagar 2nd Street?

The Ambattur Sub Registrar Office covers Jothi Nagar 2nd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Jothi Nagar 2nd Street?

Jothi Nagar 2nd Street is classified as Residential Special Type - II.