Guideline Value for Jothi Nagar 4th Street

Jothi Nagar 4th Street guideline value

The current guideline value of Jothi Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jothi Nagar 4th Street has changed

The guideline value for Jothi Nagar 4th Street has seen revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, marking a change of +10% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 in the register for this street. Thus, the only revisions noted are from 2012 to 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Jothi Nagar 4th Street's 2024 figure below that median.

• Jothi Nagar 4th Main Road: Rs 2,200 per sq.ft (2024)
• Jothi Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Jothi Nagar 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Jothi Nagar 5th Main Road: Rs 2,200 per sq.ft (2024)
• Jothi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,200 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, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 specific calculations.

Which Sub Registrar Office covers Jothi Nagar 4th Street?

The Sub Registrar Office that covers Jothi Nagar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Madambakkam. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, which is an increase of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. Jothi Nagar 4th Street's 2024 figure is below this median.

What are the stamp duty and registration fees for property in Jothi Nagar 4th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 1,98,000. This includes a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.

Which office handles registrations for Jothi Nagar 4th Street?

The Selaiyur Sub Registrar Office handles registrations for Jothi Nagar 4th Street. It is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.