Guideline Value

Corporate

Guideline Value for Jothi Nagar 5th Main Road

₹2200/sq.ft.

The guideline value for Jothi Nagar 5th Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jothi Nagar 5th Main Road

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Jothi Nagar 5th Main Road guideline value

The current guideline value of Jothi Nagar 5th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Jothi Nagar 5th Main Road has changed

Over the years, the guideline value for Jothi Nagar 5th Main Road has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Jothi Nagar 5th Main Road's 2024 figure is below that median.

Stamp duty and registration fee for property in Jothi Nagar 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, leading to a total cost of 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar 5th Main Road?

The Sub Registrar Office that covers Jothi Nagar 5th Main Road 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Madambakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in line with the officially recognized value of the property.

During the registration process, the guideline value serves as a benchmark to determine the minimum value on which duties are calculated. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jothi Nagar 5th Main Road?

The current guideline value of Jothi Nagar 5th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023, before increasing to Rs 2,200 per sq.ft in the 2024 revision. Overall, there has been a 10% increase in the guideline value from 2012 to 2024.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam that share the same guideline value of Rs 2,200 per sq.ft for 2024 include Jothi Nagar 5th Cross Street, Jothi Nagar 5th Street, Jothi Nagar 4th Street, Jothi Nagar 6th Main Road, Jothi Nagar 4th Main Road, and Jothi Nagar 6th Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is generally 7%. This rate is applied to the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jothi Nagar 5th Main Road?

The Sub Registrar Office covering Jothi Nagar 5th Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.