Guideline Value for Jothi Nagar Mullai Street

Jothi Nagar Mullai Street guideline value

The current guideline value of Jothi Nagar Mullai 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 Mullai Street has changed

The guideline value for Jothi Nagar Mullai Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision. Between 2023 and 2024, the guideline value increased by 8%. Prior to 2023, the 2012 revision also recorded a value of Rs 2,500 per sq.ft, showing no change from that year to 2023. The register has no figure for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 8%. This reflects a steady valuation trend for the street over the years, with the 2024 figure now being the highest recorded for Jothi Nagar Mullai Street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry 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, placing Jothi Nagar Mullai Street above that median.

• Jothi Nagar Narmatha 1st cross Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Narmatha 2nd cross Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Magizham Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Parijatham Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Gothavari cross Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Ganga Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar Mullai 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 cost for these fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jothi Nagar Mullai Street?

The Sub Registrar Office covering Jothi Nagar Mullai 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 critical factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction is compliant with local regulations. This value helps in calculating the taxes and fees that are applicable, ensuring transparency in the real estate transaction process.

Frequently asked questions

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

The current guideline value of Jothi Nagar Mullai 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 changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of 8%. There was no change from 2012 to 2023, with the value remaining at Rs 2,500 per sq.ft.

What is the land classification of Jothi Nagar Mullai Street?

Jothi Nagar Mullai Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Jothi Nagar Mullai Street?

The Sub Registrar Office for Jothi Nagar Mullai Street 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 Mullai Street?

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