Guideline Value for Jothi Nagar 3rd Street

Jothi Nagar 3rd Street guideline value

The current guideline value for Jothi Nagar 3rd 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 3rd Street has changed

The guideline value for Jothi Nagar 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 8% from Rs 2,500 per sq.ft in 2023. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, marking a significant increase of 49% by 2023.

In earlier revisions, the guideline value was Rs 2,500 per sq.ft in 2012, which represented a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007. 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 a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, and Jothi Nagar 3rd Street's 2024 figure is above this median.

• Jothi Nagar 3nd Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 2nd Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 3rd 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, bringing the total fees together to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar 3rd Street?

The Sub Registrar Office that covers Jothi Nagar 3rd 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate applicable stamp duties and registration fees, which are essential for completing the sale legally. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Jothi Nagar 3rd Street?

The current guideline value of Jothi Nagar 3rd 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 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with several revisions in between, including Rs 2,500 per sq.ft in 2023 and 2012.

What is the land classification of Jothi Nagar 3rd Street?

Jothi Nagar 3rd Street is classified as Residential Special Type - II under the Ambattur SRO.

Where can I find the Ambattur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Jothi Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.