Guideline Value for Jothi Nagar

Jothi Nagar guideline value

The current guideline value of Jothi Nagar, located in Katrampakkam village, under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Jothi Nagar has changed

The guideline value for Jothi Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 100 per sq.ft. This increased to Rs 250 per sq.ft in the 2012 revision, marking a significant rise of 150%. However, in the 2017 revision, the value dropped to Rs 167 per sq.ft, reflecting a decrease of 33%. The value then increased again to Rs 250 per sq.ft in the 2023 revision, with no change from the previous year. The latest revision in 2024 maintains this value at Rs 250 per sq.ft, showing no percentage change from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Katrampakkam

Katrampakkam village comprises 41 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current guideline value of Jothi Nagar.

• Kabilmuni Garden: Rs 500 per sq.ft (2024)
• Kanniyamman Koil 1st Street: Rs 250 per sq.ft (2024)
• Kanniyamman Koil 2nd Street: Rs 250 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Nagar Annex: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jothi Nagar?

The Sub Registrar Office that covers Jothi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Katrampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jothi Nagar?

The current guideline value of Jothi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the other streets in Katrampakkam with their guideline values?

Other streets in Katrampakkam have varying guideline values, with some streets like Kabilmuni Garden at Rs 500 per sq.ft and others like Kanniyamman Koil 1st Street at Rs 250 per sq.ft.

What are the stamp duty and registration fees for Jothi Nagar?

For a property in Jothi Nagar, the stamp duty is calculated at 7% of the guideline value, and the registration fee is at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

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

The Sub Registrar Office for Jothi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.