Guideline Value for Jothi Nagar Sindhu Street

Jothi Nagar Sindhu Street guideline value

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

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure then decreased to Rs 1,675 per sq.ft in the 2017 revision, representing a decline of 33%. However, the value rebounded to Rs 2,500 per sq.ft in the 2023 revision, and subsequently increased to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this 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 is Rs 2,400 per sq.ft, placing Jothi Nagar Sindhu Street's 2024 figure above that median.

• Jothi Nagar Samanthi Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Roja Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Sudandira Main Road: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Suriyaganthi Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Parijatham Street: Rs 2,700 per sq.ft (2024)
• Jothi Nagar Thamarai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar Sindhu 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, making the total cost 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 Sindhu Street?

The Sub Registrar Office that covers Jothi Nagar Sindhu 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 during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction reflects a fair valuation based on the current market conditions.

Frequently asked questions

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

The current guideline value of Jothi Nagar Sindhu 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 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Jothi Nagar Sindhu Street?

Jothi Nagar Sindhu Street is classified as Residential Special Type - II under the land classification guidelines.

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

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

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Jothi Nagar Sindhu Street's value being above this median at Rs 2,700 per sq.ft.