Guideline Value

Corporate

Guideline Value for Jothi Nagar Main Rd

₹4620/sq.ft.

The guideline value for Jothi Nagar Main Rd in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jothi Nagar Main Rd

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Jothi Nagar Main Rd guideline value

The current guideline value of Jothi Nagar Main Rd is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jothi Nagar Main Rd has changed

The guideline value for Jothi Nagar Main Rd has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 4,200 per sq.ft. This was followed by a decrease to Rs 2,814 per sq.ft in 2017. The value then increased significantly to Rs 4,200 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 4,620 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes are notable. From 2017 to 2023, there was a 49% increase, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, which is the same as the current guideline value for Jothi Nagar Main Rd.

Stamp duty and registration fee for property in Jothi Nagar Main Rd

For a 1,000 sq.ft plot at the current rate of Rs 4,620 per sq.ft, the guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, totaling Rs 4,15,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar Main Rd?

The Sub Registrar Office covering Jothi Nagar Main Rd is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies that may arise during the transaction.

Frequently asked questions

What is the current guideline value of Jothi Nagar Main Rd?

The current guideline value of Jothi Nagar Main Rd is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,620 per sq.ft in 2024.

What is the stamp duty for property in Jothi Nagar Main Rd?

The stamp duty for property in Jothi Nagar Main Rd is calculated at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property in Jothi Nagar Main Rd?

The registration fee for property in Jothi Nagar Main Rd is charged at 2% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Sub Registrar Office covering Jothi Nagar Main Rd at the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.