Guideline Value for Jothima Nagar(Jail warden)

Jothima Nagar(Jail warden) guideline value

The current guideline value for Jothima Nagar(Jail warden) is Rs 2,600 per sq.ft, effective from 1 July 2024. This area is located in Chindadripet village under the Periamet SRO, classified as Residential Class III Type - III.

How the guideline value of Jothima Nagar(Jail warden) has changed

The guideline value for Jothima Nagar(Jail warden) has seen several revisions over the years. Starting from Rs 600 per sq.ft in 2007, it increased significantly to Rs 2,400 per sq.ft in 2012. However, it then dropped to Rs 1,608 per sq.ft in 2017. The value rose again to Rs 2,400 per sq.ft in 2023, and finally, it is set at Rs 2,600 per sq.ft from July 2024. The register has no figures for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was a substantial 300%. Overall, from 2007 to 2024, the guideline value has increased by 333%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Jothima Nagar(Jail warden) has a guideline value below this median.

• Kalavai chetty street: Rs 6,000 per sq.ft (2024)
• Guruvappa chetty street: Rs 6,000 per sq.ft (2024)
• Ketty Ponnan street: Rs 3,300 per sq.ft (2024)
• Koil street: Rs 3,300 per sq.ft (2024)
• Kovilur Amman Koil 1st lane: Rs 3,300 per sq.ft (2024)
• Kovilur Amman Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jothima Nagar(Jail warden)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value would be Rs 26,00,000. The stamp duty at 7% would amount to Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, totaling Rs 2,34,000. It is important to note that 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 assistance.

Which Sub Registrar Office covers Jothima Nagar(Jail warden)?

The Sub Registrar Office that covers Jothima Nagar(Jail warden) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

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

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Jothima Nagar(Jail warden)?

The current guideline value of Jothima Nagar(Jail warden) is Rs 2,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,600 per sq.ft in 2024, marking an overall increase of 333%.

What is the land classification for Jothima Nagar(Jail warden)?

Jothima Nagar(Jail warden) is classified as Residential Class III Type - III, indicating its designation for residential purposes.

What is the stamp duty rate for properties in Jothima Nagar(Jail warden)?

The stamp duty rate for properties in Jothima Nagar(Jail warden) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jothima Nagar(Jail warden)?

The Sub Registrar Office for Jothima Nagar(Jail warden) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.