Guideline Value for Jothi Nagar Parijatham Street

Jothi Nagar Parijatham Street guideline value

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

The guideline value for Jothi Nagar Parijatham Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, up from Rs 2,500 per sq.ft in 2023, marking an increase of 8%. Prior to that, the value was Rs 1,675 per sq.ft in 2017, which represents a significant increase of 49% from that year to 2023. The register does not have figures for the revisions in 2002, 2003, and 2007.

Looking further back, the 2012 revision also set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making Jothi Nagar Parijatham Street's 2024 figure above that median.

• Jothi Nagar Narmatha 2nd cross Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Narmatha1st cross Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Roja Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Mullai Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Samanthi Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Sindhu Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar Parijatham 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 fees to Rs 2,43,000. 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 Parijatham Street?

The Sub Registrar Office that covers Jothi Nagar Parijatham 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 an important factor in the registration process when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

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

Frequently asked questions

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

The current guideline value of Jothi Nagar Parijatham 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 changed from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with various revisions in between. The most recent change was an increase of 8% from 2023 to 2024.

What is the land classification for Jothi Nagar Parijatham Street?

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

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would be Rs 2,43,000.

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

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