Guideline Value for Jothiram Avenue
₹990/sq.ft.
The guideline value for Jothiram Avenue in Mannivakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Mannivakkam
Village
Gooduvancheri
SRO
Residential Special Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹990 /sq.ft. |
| From 1-4-2023 | ₹900 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹603 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹900 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹200 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Jothiram Avenue
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Jothiram Avenue guideline value
The current guideline value of Jothiram Avenue is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.
How the guideline value of Jothiram Avenue has changed
The guideline value for Jothiram Avenue has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 350% rise. However, the value dropped to Rs 603 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 900 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 990 per sq.ft, reflecting a 10% increase.
From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 395%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.
Guideline values in Mannivakkam
In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for the village is Rs 1,215 per sq.ft, placing Jothiram Avenue's 2024 figure below that median.
- Jeyam Avenue: Rs 990 per sq.ft (2024)
- Kalaignar Street: Rs 1,320 per sq.ft (2024)
- Jayaram Avenue: Rs 990 per sq.ft (2024)
- Jayaprakash Nagar: Rs 1,320 per sq.ft (2024)
- Jaya Nagar Extn M.G.R. Street: Rs 2,200 per sq.ft (2024)
- Kalaivanar Nagar: Rs 990 per sq.ft (2024)
Stamp duty and registration fee for property in Jothiram Avenue
For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Jothiram Avenue?
The Sub Registrar Office that covers Jothiram Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Mannivakkam
The guideline value is a crucial factor in property transactions in Mannivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.
During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.
Frequently asked questions
What is the current guideline value of Jothiram Avenue?
The current guideline value of Jothiram Avenue is Rs 990 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 395% over the years.
What is the stamp duty rate applicable for properties in Jothiram Avenue?
The stamp duty rate applicable for properties in Jothiram Avenue is 7% of the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Jothiram Avenue?
The Sub Registrar Office for Jothiram Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.
What are the other streets in Mannivakkam with similar guideline values?
Other streets in Mannivakkam with similar guideline values include Jeyam Avenue and Jayaram Avenue, both at Rs 990 per sq.ft for 2024.
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