Guideline Value for Jothi Nagar

Jothi Nagar guideline value

The current guideline value of Jothi Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - III.

How the guideline value of Jothi Nagar has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This remained unchanged in the 2017 revision, which also recorded Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Jothi Nagar is above this median.

• JBM Independence Nagar: Rs 500 per sq.ft (2024)
• Jacob Garden: Rs 569 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• KKR Supreme City: Rs 2,002 per sq.ft (2024)
• Krishna Nagar: Rs 600 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Santhavellur, the guideline value is crucial as it determines the registration fees and stamp duty payable. It is essential to be aware of the current guideline value to accurately assess the costs involved in the transaction.

The guideline value serves as a benchmark for property transactions, ensuring that the fees collected by the registration department are based on a standardized value. Buyers and sellers should always refer to the latest guideline values 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification of Jothi Nagar?

Jothi Nagar is classified as Commercial Class I Type - III, which indicates its commercial usage potential.

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

The Sub Registrar Office for Jothi Nagar is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jothi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at a rate of 7%.