Guideline Value for Jothi Nagar 8th Street

Jothi Nagar 8th Street guideline value

The current guideline value of Jothi Nagar 8th 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 8th Street has changed

Looking at the revisions, the guideline value for Jothi Nagar 8th Street was Rs 2,500 per sq.ft in 2012. This figure remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017. Therefore, the overall change from 2012 to 2024 is an increase of 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value 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, making the 2024 figure for Jothi Nagar 8th Street above this median.

• Jothi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Church Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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, bringing the total to Rs 2,43,000. Please note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar 8th Street?

The Sub Registrar Office that covers Jothi Nagar 8th 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 specific SRO, visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable for the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar 8th Street?

The current guideline value of Jothi Nagar 8th 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, reflecting an overall increase of 8%. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification of Jothi Nagar 8th Street?

Jothi Nagar 8th Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

What are the stamp duty rates for properties in Jothi Nagar 8th Street?

The stamp duty rate for properties in Jothi Nagar 8th Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.