Guideline Value for Jothi Nagar Samanthi Street

Jothi Nagar Samanthi Street guideline value

The current guideline value of Jothi Nagar Samanthi Street is Rs 2,700 per sq.ft. 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 Samanthi Street has changed

The guideline value for Jothi Nagar Samanthi Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The value then increased to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from the 2012 revision to the 2024 revision shows a net increase of 8%.

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. The median guideline value in this area is Rs 2,400 per sq.ft, placing Jothi Nagar Samanthi Street's 2024 figure above this median.

• Jothi Nagar Roja Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Sindhu Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Parijatham Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Sudandira Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Narmatha 2nd cross Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Suriyaganthi Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar Samanthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these charges 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar Samanthi Street?

The Sub Registrar Office that covers Jothi Nagar Samanthi 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 during property registration in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties, ensuring that the government receives the necessary revenue from property transactions. This value helps maintain transparency in real estate dealings.

Frequently asked questions

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

The current guideline value of Jothi Nagar Samanthi 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 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Jothi Nagar Samanthi Street?

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

What is the registration office for properties in this area?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000, leading to a stamp duty of Rs 1,89,000.