Guideline Value

Corporate

Guideline Value for Jothi Nagar

₹2700/sq.ft.

The guideline value for Jothi Nagar in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹150 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹97 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jothi Nagar

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Jothi Nagar guideline value

The current guideline value of Jothi Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Jothi Nagar has changed

The guideline value of Jothi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 97 per sq.ft, which increased to Rs 150 per sq.ft in 2003, marking a change of +55%. The value then rose to Rs 200 per sq.ft in 2007, representing a +33% increase. A substantial jump occurred in 2012 when the value reached Rs 2,500 per sq.ft, reflecting a remarkable increase of +1150% from the previous figure. The guideline value remained unchanged at Rs 2,500 per sq.ft until 2023.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and then increased to Rs 2,700 per sq.ft in 2024, which is an increase of +8%. Overall, from 2002 to 2024, the guideline value has risen by +2684%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Jothi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Jothi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling 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 also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Jothi Nagar?

The Sub Registrar Office that covers Jothi Nagar 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 details.

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

The guideline value is a critical factor in the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and fairly, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar 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 significantly from Rs 97 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +2684%.

What is the registration office for Jothi Nagar?

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

How is stamp duty calculated in Jothi Nagar?

Stamp duty in Jothi Nagar is calculated at 7% of 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.

Are there other streets with the same guideline value in Thirumullaivoyal?

Yes, there are several other streets in Thirumullaivoyal, such as Jothi Nagar 10th Street, Jothi Nagar 11th Street, and others, which also have a guideline value of Rs 2,700 per sq.ft in 2024.