Guideline Value for Jothi Nagar 7th Street

Jothi Nagar 7th Street guideline value

The current guideline value of Jothi Nagar 7th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and falls under the land classification of Residential Special Type - II.

How the guideline value of Jothi Nagar 7th Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the 2023 revision, where it also stood at Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for Jothi Nagar 7th Street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 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 the village is Rs 2,400 per sq.ft, placing Jothi Nagar 7th Street's 2024 figure above this median.

• Jothi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Church Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 7th 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 is charged at 7%, resulting in Rs 1,89,000, while the registration fee at 2% amounts to Rs 54,000. Together, the total fees would be Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar 7th Street?

The Sub Registrar Office that covers Jothi Nagar 7th 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 during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar 7th Street?

The current guideline value of Jothi Nagar 7th 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the stamp duty for property in Jothi Nagar 7th Street?

The stamp duty for property in Jothi Nagar 7th Street is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 27,00,000, the stamp duty would amount to Rs 1,89,000.

Which Sub Registrar Office handles registrations for Jothi Nagar 7th Street?

The Ambattur Sub Registrar Office handles registrations for Jothi Nagar 7th Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the guideline values for other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal also have a guideline value of Rs 2,700 per sq.ft for 2024. These include Jothi Nagar 6th, 8th, 5th, 9th, 4th, and Church Streets.