Guideline Value for Jothi Nagar

Jothi Nagar guideline value

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

How the guideline value of Jothi Nagar has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 600 per sq.ft. The 2024 revision again set the value at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw an increase of 49%, and overall, from 2017 to 2024, it also increased by 49%. The consistent value of Rs 600 per sq.ft in the last two revisions signifies stability in the guideline value for Jothi Nagar.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Jothi Nagar's 2024 figure of Rs 600 per sq.ft is above this median.

• JBM Independence nagar: Rs 500 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 2,000 per sq.ft (2024)
• Krishna Nagar: Rs 600 per sq.ft (2024)
• Ganga Garden C: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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_B

The guideline value plays a crucial role in the registration process of property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency and fairness in property dealings within the region.

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 2023 to 2024. It increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for Jothi Nagar?

Jothi Nagar is classified under Commercial Class I Type - III, indicating its suitability for commercial activities.

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 stamp duty calculated for properties in Jothi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft would incur a total stamp duty and registration fee of Rs 54,000.