Guideline Value for Jothi Nagar Church Street

Jothi Nagar Church Street guideline value

The current guideline value of Jothi Nagar Church 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 is classified as Residential Special Type - II.

How the guideline value of Jothi Nagar Church Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

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

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,400 per sq.ft, placing Jothi Nagar Church Street's 2024 figure above that median.

• Jothi Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Ganga Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar Church 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar Church Street?

The Sub Registrar Office that covers Jothi Nagar Church Street is the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial figure used during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are essential components of the transaction process. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jothi Nagar Church Street?

The current guideline value of Jothi Nagar Church 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, marking an overall increase of 8% over this period.

What is the land classification for Jothi Nagar Church Street?

Jothi Nagar Church Street is classified as Residential Special Type - II according to the guideline value register.

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.

How is the stamp duty calculated for properties in Jothi Nagar Church Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.