Guideline Value for Jothi Nagar 4th Street

Jothi Nagar 4th Street guideline value

The current guideline value of Jothi Nagar 4th 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 4th Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft, with a median of Rs 2,400 per sq.ft. Jothi Nagar 4th Street's 2024 figure of Rs 2,700 per sq.ft is above the median.

• Jothi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 3nd Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar 4th Street?

The Sub Registrar Office covering Jothi Nagar 4th 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirumullaivoyal, the guideline value is considered for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with the registration process. The value helps in establishing a fair basis for the transaction, ensuring that both parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Jothi Nagar 4th Street?

The current guideline value of Jothi Nagar 4th 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 and 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase from 2023 to 2024.

What is the land classification of Jothi Nagar 4th Street?

Jothi Nagar 4th Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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 office handles registrations for Jothi Nagar 4th Street?

The Ambattur Sub Registrar Office handles registrations for Jothi Nagar 4th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.