Guideline Value for Jothi Nagar Thamarai Street

Jothi Nagar Thamarai Street guideline value

The current guideline value of Jothi Nagar Thamarai Street is Rs 2,700 per sq.ft. This street is located in Thirumullaivoyal village under the Ambattur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Jothi Nagar Thamarai Street has changed

The guideline value for Jothi Nagar Thamarai Street has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

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 Thamarai Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Jothi Nagar Thamarai 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, resulting in a total of Rs 2,43,000. Please 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 details.

Which Sub Registrar Office covers Jothi Nagar Thamarai Street?

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

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Jothi Nagar Thamarai Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%.

What is the land classification for Jothi Nagar Thamarai Street?

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

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office 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 Thamarai Street?

Stamp duty is calculated at 7% of 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 stamp duty would be Rs 1,89,000.