Guideline Value for Jothi Nagar

Jothi Nagar guideline value

The current guideline value of Jothi Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area is located in Kilambakkam village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jothi Nagar has changed

Over the years, the guideline value of Jothi Nagar has seen several revisions. In the 2007 revision, the guideline value was set at Rs 1,000 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2012 revision, marking a 10% rise. However, in the 2017 revision, the value decreased to Rs 737 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,100 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, there has been a 10% increase in the guideline value. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Jothi Nagar is part of this locality, and there are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It’s important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothi Nagar?

The Sub Registrar Office that covers Jothi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kilambakkam, as it determines the stamp duty and registration fees applicable during the transaction. This value is set by the government and is revised periodically, reflecting changes in property values in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, decreased to Rs 737 per sq.ft in 2017, and returned to Rs 1,100 per sq.ft in 2023.

What is the stamp duty rate for property in Jothi Nagar?

The stamp duty rate for property in Jothi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

Is there a calculator for stamp duty and registration fees?

Yes, you can use our stamp duty and registration fee calculator to estimate the fees based on the guideline value.