Guideline Value for Jothi Nagar 6th Street

Jothi Nagar 6th Street guideline value

The current guideline value of Jothi Nagar 6th 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 6th Street has changed

Since the 2012 revision, the guideline value for Jothi Nagar 6th Street has seen an overall increase of 8%. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was again Rs 2,500 per sq.ft, but it increased to Rs 2,700 per sq.ft in the 2024 revision, reflecting a change of 8% from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. The only recorded values are from 2012, 2023, and the current value in 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values 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 6th Street's 2024 figure above that median.

• Jothi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 6th 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. 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 details.

Which Sub Registrar Office covers Jothi Nagar 6th Street?

The Sub Registrar Office that covers Jothi Nagar 6th 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, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees, which are mandatory costs associated with buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar 6th Street?

The current guideline value of Jothi Nagar 6th 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 8% over this period.

What is the land classification of Jothi Nagar 6th Street?

Jothi Nagar 6th Street is classified as Residential Special Type - II under the Ambattur SRO.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate has a total fee of Rs 2,43,000.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Jothi Nagar 6th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.